Wayfair Announces Pricing of Initial Public Offering
October 01 2014 - 7:11PM
Business Wire
Wayfair, one of the world’s largest online destinations for home
furnishings and décor, 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 on October
2, 2014, 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.
Copies of the prospectus relating to the offering may be obtained
from: Goldman, Sachs & Co., Attention: Prospectus Department,
200 West Street, New York, NY 10282, telephone: 1-866-471-2526;
email: prospectus-ny@ny.email.gs.com.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission and was
declared effective on October 1, 2014. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Wayfair
Wayfair offers an extensive selection of home furnishings and
décor across all styles and price points. The Wayfair family of
brands includes:
- Wayfair.com, an online destination for
all things home
- Joss & Main, an online flash sales
site offering inspiring home design daily
- AllModern, a go-to online source for
modern design
- DwellStudio, a design house for
fashion-forward modern furnishings
- Birch Lane, a collection of classic
furnishings and timeless home décor
Wayfair is headquartered in Boston, Massachusetts, with
additional locations in New York, Ogden, Utah, Hebron, Kentucky,
Galway, Ireland, London, Berlin and Sydney.
Media Relations Contact:WayfairJane Carpenter,
617-502-7595jcarpenter@wayfair.comorInvestor Relations
Contact:Kate Gulliver, 617-880-8108IR@wayfair.com
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