Name That Company

I was founded in Sweden in 1943 by Ingvar Kamprad, whose initials form part of my name. He began by buying matches in bulk as a child and reselling them individually, before moving on to selling seeds, fish and ballpoint pens. I issued my first catalog in 1951. My "democratic design" aims to offer affordable and beautiful products to the masses. I'm a private company, with more than 550 million shoppers visiting my 250-plus stores annually. Many of my products require some assembly, but my meatballs require none. I rake in close to $30 billion annually. Who am I?

Know the answer? Send it to us with Foolish Trivia on the t op and you'll be entered into a drawing for a nifty prize!