BOSTON--(BUSINESS WIRE)--
Wayfair, one of the world’s largest online destinations for home
furnishings and décor, today announced the closing of its previously
announced initial public offering of 12,650,000 shares of its Class A
common stock at a price to the public of $29.00 per share, which
included 1,650,000 shares purchased upon the exercise in full of the
underwriters' option to purchase additional shares. A total of
10,500,000 shares were sold by Wayfair, and a total of 2,150,000 shares
were sold by certain selling stockholders. Wayfair did not receive any
proceeds from the sale of shares by the selling stockholders.
The shares began trading on the New York Stock Exchange on October 2,
2014, under the symbol "W."
Goldman, Sachs & Co. acted as the lead bookrunning manager. BofA Merrill
Lynch and Citigroup acted as joint bookrunning managers. Allen & Company
LLC, Pacific Crest Securities, Piper Jaffray & Co., Wells Fargo
Securities, Canaccord Genuity, Cowen and Company and Raymond James acted
as co-managers.
The offering was made only by 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.
Source: Wayfair