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From Home Furnishing Business
Wayfair Value Estimated at More than $2 Billion
September 23,
2014 by in Financial Reports, Furniture Retailing, Industry 
Online home furnishings retailer Wayfair has set its value at more than $2 billion in documents filed for its impending initial public offering.
Wayfair Inc., the online home furnishings retailer, has set its value at over $2 billion in documents filed in advance of its initial public offering of stock.
The e-retailer projected an initial share price of $25 to $28. As the company says there will be 82,756,943 shares outstanding after the IPO, that would value the company at between $2.07 and $2.32 billion.
Wayfair, No. 45 in the 2014 Internet Retailer Top 500, says it aims to sell 12.65 million shares, raising up to $354 million in the IPO. The e-retailer has applied to list its shares on the New York Stock Exchange under the symbol W.
The company filed documents in August that disclosed plans for the stock offering.
Read Entire Story Source: Internet Retailer http://www.internetretailer.com