Warby Parker, the trendy eyewear brand, will use a direct listing to go public.Â
Warby said Tuesday that it would list its stock on the New York Stock Exchange under the ticker WRBY. The New York company didn’t disclose how many shares its stockholders would sell. That information will likely come with future filings.
Direct listings are typically geared to well-known, established companies that don’t need the proceeds generated by a traditional IPO. Businesses that use a direct listing don’t sell shares in the offering; instead, stockholders offer....More>>>