BOSTON--(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:
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Wayfair.com, an online destination for all things home
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Joss & Main, an online flash sales site offering inspiring home design
daily
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AllModern, a go-to online source for modern design
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DwellStudio, a design house for fashion-forward modern furnishings
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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