Warby Parker Plans to Go Public Via Direct Listing

The Wall Street Journal2021-08-25

Eyewear maker plans to list its shares on the New York Stock Exchange. Eyewear maker Warby Parker Inc. said Tuesday it plans to go public through a direct listing, making the company the latest to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JaneLeon
2021-08-25
JaneLeon
......
- Tj23:
  Hmmmm
Victortyl
2021-08-25
Victortyl
Ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1104540709?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-08-25 17:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1104540709","market":"us","top_or_hot":-1,"title":"Warby Parker Plans to Go Public Via Direct Listing","media":"The Wall Street Journal","content":"<div>\n<p>Eyewear maker plans to list its shares on the New York Stock Exchange.\n\nEyewear maker Warby Parker Inc. said Tuesday it plans to go public through a direct listing, making the company the latest to ...</p>\n\n<a href=\"https://www.wsj.com/articles/warby-parker-plans-to-go-public-via-direct-listing-11629838282?mod=markets_lead_pos3\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warby Parker Plans to Go Public Via Direct Listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarby Parker Plans to Go Public Via Direct Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-25 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/warby-parker-plans-to-go-public-via-direct-listing-11629838282?mod=markets_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Eyewear maker plans to list its shares on the New York Stock Exchange.\n\nEyewear maker Warby Parker Inc. said Tuesday it plans to go public through a direct listing, making the company the latest to ...</p>\n\n<a href=\"https://www.wsj.com/articles/warby-parker-plans-to-go-public-via-direct-listing-11629838282?mod=markets_lead_pos3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.wsj.com/articles/warby-parker-plans-to-go-public-via-direct-listing-11629838282?mod=markets_lead_pos3","article_id":"1104540709","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104540709","pubTimestamp":1629882064,"sourceInfo":null,"weMediaInfo":null,"summary":"Eyewear maker plans to list its shares on the New York Stock Exchange.\n\nEyewear maker Warby Parker I","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"沃比·帕克计划直接上市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Eyewear maker plans to list its shares on the New York Stock Exchange.\n\nEyewear maker Warby Parker Inc. said Tuesday it plans to go public through a direct listing, making the company the latest to shirk the traditional public-offering process.\nThe direct-to-consumer company in June confidentially filed a draft registration statement with the Securities and Exchange Commission for a public offering.\nDirect listings differ from traditional initial public offerings in that companies take their shares to the stock market directly. Companies are able to save money that in a more traditional IPO would be shelled out to investment banks. This option to go public isn’t as common as traditional IPOs.\nCryptocurrency exchangeCoinbase Global Inc., data-mining companyPalantir Technologies Inc.and streaming platformSpotify Technology SAwent publicthrough the direct-listing route.\nFor the six months ended June 30, Warby Parker had $270.5 million in revenue with losses of $20.4 million. The company generated revenue that totaled $393.7 million last year with a loss of $55.9 million. In 2019, it had $370.5 million in revenue and a loss of $57.5 million.\nWhile the company chose to close all its stores in March 2020 amid the spread of Covid-19, the company’s executives said sales continued to be buoyed throughout the pandemic by online shoppers.\nThe company said in its filing that 60% of its 2020 sales came from online, and e-commerce sales made up half of its total sales in the first six months of this year.\nWarby 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.\nNew York-based Warby Parker was founded in 2010 by Neil Blumenthal and Dave Gilboa, both of whom serve as the company’s co-chief executives. The company offers a range of prescription glasses and contacts. While launched as an e-commerce platform where it shipped customers various eyeglasses they could try on, the company laterexpanded to bricks-and-mortar locations. It had 145 retail stores as of June 30.\nThe company plans to list its shares on the New York Stock Exchange under the ticker symbol WRBY.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":837617784,"gmtCreate":1629882978148,"gmtModify":1676530161397,"author":{"id":"4088503910203750","authorId":"4088503910203750","name":"JaneLeon","avatar":"https://static.itradeup.com/news/0e3822eaa2f6d260a8571fcf6449536d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088503910203750","authorIdStr":"4088503910203750"},"htmlText":"......","listText":"......","text":"......","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/837617784","repostId":1104540709,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5643858,"gmtCreate":1629883669428,"gmtModify":1663232889935,"authorId":3571780042589602,"author":{"id":3571780042589602,"idStr":"3571780042589602","authorId":3571780042589602,"name":"Tj23","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":837617784,"type":1,"supId":0,"prevId":0,"content":"Hmmmm","text":"Hmmmm","html":"Hmmmm"}],"langContent":"EN"},{"id":837616316,"gmtCreate":1629882576835,"gmtModify":1676530161272,"author":{"id":"3584882854594739","authorId":"3584882854594739","name":"Victortyl","avatar":"https://static.tigerbbs.com/81fd9dc2e65087032d7c0d71b1010a50","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584882854594739","authorIdStr":"3584882854594739"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837616316","repostId":1104540709,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1104540709"}