Eyewear company Warby Parker valued at over $6 billion after shares climb in debut
Reuters
Published Sep 29, 2021 01:18PM ET
Updated Sep 29, 2021 02:12PM ET
(Reuters) -Shares of Warby Parker Inc jumped 35% in their U.S. market debut on Wednesday, notching up a valuation of over $6 billion for the eyewear company.
The company's stock, which went public through a direct listing, opened at $54.05 per share compared with the reference price of $40 per share.
A direct listing lets companies list their stock on exchanges without selling shares, thereby sidestepping a costly and time-consuming initial public offering.
Tiger Global Management, General Catalyst, Baillie Gifford and D1 Capital Partners are investors in Warby. It had confidentially filed for a listing in June.
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Written By: Reuters
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