Warby Parker confidentially files for stock market listing

Warby Parker has confidentially filed for a U.S. stock market listing. The news was reported by Reuters.

Warby Parker chose an ample time to file for an IPO, as the COVID-19 pandemic accelerated consumers already shifting habits to more online shopping. Last year, the company’s valuation was 3 billion dollars after a funding round. They are now seeking new investors.

Warby Parker shot to stardom thanks to their affordable prescription glasses which start at 95 dollars. The company also has several brick-and-mortar stores throughout the United States.

Warby Parker originally began as an online brand, but took a more omnichannel approach as they began opening physical stores. This year, the company is projected to open 35 new stores. Warby Parker is currently backed by Tiger Global Management, General Catalyst, Baillie Gifford, and D1 Capital Partners.