Daily News
From Home Furnishing Business
IPO Chatter for Wayfair
February 6,
2014 by in Furniture Retailing, Industry, Internet
Rapid growth at online home furnishings retailer Wayfair is spurring more talk about an initial public offering at the Boston-based company.
With sales that grew by about 50% and topped $900 million in 2013, housewares and home furnishings web merchant Wayfair LLC isn’t ruling out the option of going public.
While CEO Niraj Shah says Wayfair has no definitive timeline, some Wall Street bankers project Wayfair, No. 52 in the 2013 Internet Retailer Top 500 Guide, could announce plans to go public within 18 months, and possibly as soon as the first quarter of 2015.
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Source: Internet Retailer