Warby Parker Inc. has filed for a direct listing. According to the source, the eyewear retailer was already in discussions for a possible listing in April. The company recently filed with the US Securities and Exchange Commission and announced a valuation at $3 billion USD.
The company saw a net loss in the first half, with a revenue of $271 million USD. The company also suffered a net loss of $10 million USD on revenue in the same period in 2020. Warby Parker announced in June that it would be publicly listing its stock. The company will not raise any funds through direct listing. Investors won’t be able to sell their shares in the open market. The company raised $120million USD in Series G funding last August to help it reach its $3 million valuation.
According to the filing, shares of the company were privately traded in April at $24.53 each.