Warby Parker Is Reportedly Planning for an IPO Later This Year
The company is now valued at $3 billion USD.
Warby Parker is now planning for an initial public offering in the U.S. that could come as early as this year.
According to new reports, the prescription eyewear company is currently in talks with various advisers on a potential listing, although discussions are still at an early stage. The company raised $120 million USD in its most recent round of funding back in 2020, which pushed its total valuation to $3 billion USD. Warby Parker hopes to surpass this with the launch of an IPO.
When reached out for comment, a company spokesperson responded without confirming or denying the rumors. “We’ve always explored various financing opportunities in both the debt and equity markets,” the spokesperson said. “We’ll continue to make strategic decisions in line with our commitment to sustainable growth.”
Founded in 2010 by four University of Pennsylvania students, Warby Parker was one of the first companies to build its business around a direct-to-consumer e-commerce model, focusing on affordable prescription eyewear and contact lenses. As it expanded, it subsequently built a network of physical retail locations as well.
Elsewhere in related news, SQUARE ENIX has denied recent rumors regarding a potential acquisition.
