Daily News
From Home Furnishing Business
Wayfair Closes IPO
October 8,
2014 by in Financial Reports, Industry 
The original offering of $29 per share included 1,650,000 shares purchased upon the exercise in full of the underwriters' option to purchase additional shares; a total of 10,500,000 shares sold by Wayfair; and a total of 2,150,000 shares sold by original stockholders. Wayfair did not receive any proceeds from the sale of shares by of those stockholders.
The shares began trading on the New York Stock Exchange on last Thursday under the symbol "W." The stock closed Tuesday trading at $32.82 a share.
Goldman, Sachs & Co. acted as the lead bookrunning manager. BofA Merrill Lynch and Citigroup acted as joint bookrunning managers. Allen & Company LLC, Pacific Crest Securities, Piper Jaffray & Co., Wells Fargo Securities, Canaccord Genuity, Cowen and Company and Raymond James acted as co-managers.
Wayfair offers an extensive selection of home furnishings and décor across all styles and price points. Wayfair brands include: Wayfair.com; Joss & Main, an online flash sales site; AllModern, an online source for modern design; DwellStudio, a retailer of modern furnishings; and Birch Lane, a online retailer of classic furnishings.
Boston, Mass.-based Wayfair has additional locations in New York, Ogden, Utah; Hebron, Ky.; Galway, Ireland; London, Berlin and Sydney.