Originally Posted by
TommyIV
Warby Parker's IPO was today with a direct listing. The reference price was set at $40 a share but since it went public it has been trading between $53 and $54.75 a share. I've been exclusively wearing Warby Parker glasses for years so this IPO has been on my radar. I put a limit order in so far at $53 but can't tell if the stock is trading on its own hype. The company is not profitable yet however are seemingly financially sound otherwise. They hold about 1% of the glasses market so they are using this IPO as a marketing tool rather than a way to raise cash.
Anyone else wear Warby Parker glasses? One of the reasons I started wearing them is they send you multiple frames for free in the mail to have for about a week so you can have more time to decide what which frames you like best.
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