Online home furnishings retailer, Wayfair Inc., has set its value at more than $2 billion in documents filed in advance of its initial public offering of stock. Wayfair is projecting an initial share price of $25 to $28 and 82,756,943 shares outstanding after the IPO.
If Wayfair correctly guessed its price and the size of the market, its valuation falls between $2.07 and $2.32 billion.
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
The goal is to sell off 12.65 million shares and bring $354 million in the IPO, which will unfold at the NYSE under the symbol W. Company co-founders Niraj Shah and Steve Conine own 28.51 percent of the company apiece with each owning 20,646,253 shares worth more than $516 million at the $25 share price. The founders self-financed the company until 2011 and sought no outside funding, though they have since raised $193 million in outside capital.
Wayfair operates five e-commerce sites under the brands Wayfair, Joss & Main, All+Modern, Dwell Studio and Birch Lane.
Add as Preferred Source
