Vacuum cleaning specialist Godfreys is planning a $77.7 million stock market listing in December.

Godfreys, which claims to be the world’s largest vacuum cleaner retailer, is offering more than 28 million shares priced at $2.75 each.

The stock is expected to make its debut on the market on December 15.

The company was founded during the Depression in 1931 by Godfrey Cohen, who sold vacuum cleaners in his father’s furniture shop.

Godfreys now has 209 stores across Australia and New Zealand.

Chairman Rod Walker said the stock market listing marked the next phase of expansion for the business.

“The markets we service are expected to experience long term growth as the number of Australian households increases by an estimated 38 per cent between 2010 and 2031,” he said in a statement on Tuesday.

The share offer opens on December 2.