Warby Parker enters public market through direct listing in shaky times

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

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