Warby Parker Inc.
Note: This is NOT an IPO. This is a direct listing on the New York Stock Exchange. The company’s stock sold for $24.53 in private transactions this year, the prospectus says.
**NOTE: The NYSE set a $40 reference price for Warby Parker’s stock on Tuesday, Sept. 28, 2021, after the U.S. stock market’s close. The reference price is offered as a guide. This price does not predict the opening price of the stock on Wednesday, when Warby Parker shares are expected to start trading on the NYSE.
Goldman Sachs, Morgan Stanley and Allen & Co. will serve as the financial advisors on the direct listing. The Wall Street Journal reported on Aug. 24, 2021: “Warby Parker, which counts investment firm Tiger Global Management LLC and private equity firm Durable Capital Partners among its bigger backers, raised $245 million from private investors last fall, snagging a $3 billion valuation.”
Neil Blumenthal and Dave Gilboa are our co-founders and co-CEOs. We’ve built a seamless shopping experience that meets customers where and how they want to shop, whether that’s on our website, on our mobile app, or in our more than 145 retail stores. We started Warby Parker 11 years ago to solve our own problems as frustrated consumers and to make a positive impact. Since our founding in 2010, we have pioneered ideas, designed products and developed technologies that help people see. We offer everything our customers need for happier eyes at a price that leaves them with money in their pocket, from designer-quality glasses (starting at $95, including prescription lenses) and contacts, to eye exams and vision tests—and they can meet us online, at our retail stores, or even at home. Wherever and whenever they need it, we’re there to make exceptional vision care simple and accessible. Delightful, too.
Note: Net revenue and net loss figures are for the 12 months that ended on June 30, 2021, according to the prospectus.
Note: Warby Parker updated its SEC filings on Sept. 21, 2021, by incorporating its press release dated Sept. 21, 2021, with its guidance for third-quarter and full-year financial performance.
|Industry:||Retailer - Eyeglasses and contact lenses|
|Address||233 Spring Street, 6th Floor East New York, New York 10013|
|Phone Number||(646) 847-7215|
|View Prospectus:||Warby Parker Inc.|
|Revenues||$487.46 mil (last 12 months)|
|Net Income||$-53.21 mil (last 12 months)|
|Price range||$40.00 - $40.00|
|Est. $ Volume||$3109.6 mil|
|Manager / Joint Managers||Goldman Sachs/ Morgan Stanley/ Allen & Co.|
|Expected To Trade:||9/29/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|