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Warby Parker Gearing Up To File For US IPO

Warby Parker Gearing Up To File For US IPO

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Warby Parker Gearing Up To File For US IPO

Eyewear retailer Warby Parker is exploring the potential of going public after raising money in six funding rounds over the course of the past 10 years.

In its most recent series F funding round, the company raised $245 million, which increased its valuation to $3 billion. By going public, the company is expected to further raise its valuation.

“We’ve always explored various financing opportunities in both the debt and equity markets,” a Warby Parker spokesperson told Bloomberg. “We’ll continue to make strategic decisions in line with our commitment to sustainable growth.”

However, the company’s plan to go public is not set in stone, as the company may choose not to file for an IPO after all.

The company was launched in 2010 by four classmates from the University of Pennsylvania’s Wharton School. Over the years, Warby Parker has fast emerged as a direct-to-consumer (DTC) tech disruptor in the eyewear industry, selling low-cost prescription glasses for adults and children and contact lenses through its website and its 133 physical store locations in the U.S. and Canada.

The company’s current investors include General Catalyst, Tiger Global Management, Forerunner Ventures, Spark Capital and Menlo Ventures.

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