Warby Parker Inc (WRBY)

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Warby Parker's Direct Listing Price Set at $40 Per Share
6:41 pm ET September 28, 2021 (Dow Jones) Print

By Kimberly Chin


Warby Parker Inc. received a reference price of $40 a share by the New York Stock Exchange for its direct listing, valuing the eyewear maker at nearly $5 billion.

As of Sept. 21, Warby Parker had about 124.5 million shares outstanding.

The company filed registration documents with the Securities and Exchange Commission to go public via a direct listing last month. Direct listings differ from traditional initial public offerings in that companies take their shares to the stock market directly. This option to go public isn't as common as traditional IPOs.

Warby Parker's shares, which are listed under the ticker symbol WRBY, will begin trading on Wednesday.


Write to Kimberly Chin at [e-mail]


(END) Dow Jones Newswires

September 28, 2021 18:41 ET (22:41 GMT)