Govee

Govee Market Overview

I need to verify whether Govee is publicly traded before writing the overview.Govee is a private company (as of the search results, it initiated IPO counseling in May 2025 but is not yet publicly traded), so I'll omit any ticker. According to Grips Intelligence in-store data tracking Amazon, Lowe's, and Best Buy from January 1 to June 30, 2026, Govee revenue grew 4.9% over the period, with the most recent month rising 5.7% versus the prior month. Govee posted USD 560 million in revenue and over USD 56 million in profit in 2024, with online channels accounting for more than half of revenue and offline contributing 20–30%. Grips Intelligence data shows the brand's average product price climbed to $70.84, up 9.8% month-over-month and 13.9% across the full period, landing at a $68.16 average for the period. Amazon dominates the offline retail mix at a 95.4% revenue share, dwarfing Lowe's at 2.4% and Best Buy at 1.7%. Notably, Govee remains privately held, though in May 2025, Govee formally initiated IPO counseling, with China International Capital Corporation (CICC) as its advisor.