Trade Resources Company News Wayfair Is One of The World's Largest Online Destinations for Home Furnishings and Decor

Wayfair Is One of The World's Largest Online Destinations for Home Furnishings and Decor

Wayfair, one of the world’s largest online destinations for home furnishings and decor, today announced the pricing of its initial public offering of 11,000,000 shares of its Class A common stock at a price to the public of $29.00 per share.

A total of 10,500,000 shares are being offered by Wayfair, and a total of 500,000 shares are being offered by certain selling stockholders. In addition, the underwriters have been granted a 30-day option to purchase an additional 1,650,000 shares of Class A common stock from the selling stockholders. Wayfair will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange today, under the symbol W.

Goldman, Sachs & Co is the lead bookrunning manager. BofA Merrill Lynch and Citigroup are acting as joint bookrunning managers. Allen & Company LLC, Pacific Crest Securities, Piper Jaffray & Co, Wells Fargo Securities, Canaccord Genuity, Cowen and Company and Raymond James are acting as co-managers.

The offering will be made only by the means of a prospectus, available from Goldman, Sachs & Co.

Source: http://www.furniturenews.net/news/articles/2014/10/723843121-wayfair-announces-ipo-pricing
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Wayfair Announces IPO Pricing
Topics: Furniture