SoHo eyewear company Warby Parker went public Wednesday at a reference price that could give the company an initial value of $5 billion.
The company is going public through a direct listing , which means it is not raising any money through new shares as it starts trading on the New York Stock Exchange. Squarespace, a website hosting business in Hudson Square that also went public through a direct listing in May,saw its shares fall in its first-day trading.
Warby Parker enters the public market at an uneasy time. The S&P 500 dropped 2% yesterday, its worst performance in six months, with technology
→ Continue reading at Crain's New York Business