If you’ve been a college student, you could not have missed IKEA, a popular furniture store. However, can you buy IKEA stock?
IKEA is a well-known multinational conglomerate that designs and sells ready-to-assemble furniture. Additionally, it also sells kitchen appliances and home accessories, and home services. IKEA was founded in Sweden in 1943 by 17-year-old Ingvar Kamprad, and since 2008, IKEA has been the world’s largest furniture retailer.
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Top 3 IKEA Competitors
Amazon is an American multinational technology company based in Seattle, Washington. Amazon’s revenue comes from different streams such as e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon.com, one of the world’s most valuable brands, was started by Jeff Bezos as an online marketplace for books but expanded to sell electronics, software, video games, furniture, etc. It has disrupted well-established industries through technological innovation and mass scale and has become the world’s largest online marketplace. Amazon distributes furniture through Amazon Home and offers a wide range of furniture in various categories of furniture such as dining room, outdoor, storage furniture, etc.
Walmart Inc. is an American multinational retail corporation based in Bentonville, Arkansas. It was founded by Sam Walton in 1962 and was incorporated in 1969. Walmart, Inc. engages in the retail and wholesale business, offering an assortment of merchandise and services at everyday low prices. Walmart has emerged as one of the world’s biggest retailers and among the world’s largest corporations. It does not exclusively sell furniture but has a diversified product line. Walmart also has a great selection of furniture in different categories such as bedroom furniture, office furniture, living room furniture, small space furniture, etc.
Wayfair, which is headquartered in Boston, Massachusetts, is a fast-growing American e-commerce company. It was founded in 2002 by Niraj Shah and Steve Conine. It was previously referred to as CSN stores until 2011 and Wayfair thereafter. Wayfair deals with home goods and furniture. The company has made a name for itself because of its variety of products, excellent customer service, user-friendly website, and the fact that it offers free shipping, even for some of its larger merchandise.
How to invest in IKEA stock?
Despite its outstanding growth, IKEA remains a private company, which means it is held under private ownership. Private companies may issue stock and have shareholders, but their shares are not traded on public exchanges. If IKEA stock has to be traded on a stock exchange, IKEA should issue its stock through an Initial Public Offering (IPO). You might have to wait for some more time to invest in IKEA stock as IKEA is not yet listed on the stock exchange.
IKEA stock price
The IKEA stock price and IKEA stock ticker are not available as IKEA stock is not yet publicly traded.
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Apart from Amazon, Walmart and Target, there are other companies such as Ashley Furniture, Target, etc., that are competitors of IKEA. However, IKEA is tremendously popular because of its high quality, affordable furniture that appeals to college students, young families, and others on a limited budget. No doubt, if IKEA decides to IPO, the IKEA stock will be a great investment. Until then, any of the above mentioned competitors of IKEA will be great investments.