The retailer believes the flotation will provide stable financing for its growth strategy.
Chief executive Paul Briant said: 'Land of Leather has a number of excellent opportunities to continue the successful development of the business. We look forward to pursuing these with new investors as a listed business.'
Despite the director's obvious enthusiasm, one analyst poured cold water on the listing. Evolution analyst Nick Bubb said: 'We never thought it would be easy to float a furniture retailer at the moment and the Land of Leather IPO has indeed flopped, with the final valuation of£77.6 million, well short of hopes of more than£100 million despite reporting like for like sales growth of more than 9 per cent.'