Find in the news:
BY COUNTRY

Warby Parker went public - the retailer's shares rose 30% during the day



Warby Parker's capitalization reached $6 billion on the first day of trading.
Warby Parker went public - the retailer's shares rose 30% during the day

New York-based online retailer Warby Parker, specializing in the sale of frames and sunglasses, debuted on the stock exchange. The company's stock soared more than 30%, from $40 to $54. Back in April, the securities were valued in private transactions at $24.5.

The capitalization of Warby Parker after the first day of trading reached $6 billion. Investors were optimistic about another retail player who successfully organized online sales and connected them to traditional distribution channels. 

Warby Parker joined Spotify, Roblox, and Coinbase, which opted for a direct listing of initial public offerings without raising new capital from banks. Thus, bidding began at a price set in negotiations between business owners and public investors.

Warby Parker was founded in 2010 and initially specialized in delivering eyeglasses orders that customers could try on at home. Later, the business expanded, and the retailer had its stores. In 2019, the company also developed its line of contact lenses. 

"We have less than 1 percent share of this huge market and see excellent prospects for continued growth in the coming years," commented Dave Gilboa, co-founder, and CEO, noting the high growth potential in both the online and retail environments. 

CNBC writes that Warby Parker has also been increasing its losses along with revenue growth in recent years. So, while two years ago the company first went into profit, in 2020, it was again a loss of $56 million. The retailer's revenue reached $394 million compared to $370.5 million a year earlier. 95% of revenue came from eyewear, 2% from contact lenses, 1% from eye tests, and 2% from accessories. Warby Parker forecasts growth to $537 million in 2021 and another 25% in 2022. 

More about shopping malls in the USA



DAY BEFORE YESTERDAY, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Apr 22, 2022, Brazil:
BR Malls Participacoes and Aliance Sonae Shopping Centers may merge to form Brazil's largest mall operator.
Friend
and Follow
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us