{"id":232938,"date":"2021-04-21T17:51:36","date_gmt":"2021-04-21T14:51:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/glasses-retailer-warby-parker-eyes-ipo-as-soon-as-this-year\/"},"modified":"2021-04-21T17:51:36","modified_gmt":"2021-04-21T14:51:36","slug":"glasses-retailer-warby-parker-eyes-ipo-as-soon-as-this-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/glasses-retailer-warby-parker-eyes-ipo-as-soon-as-this-year\/","title":{"rendered":"#Glasses retailer Warby Parker eyes IPO as soon as this year"},"content":{"rendered":"

“#Glasses retailer Warby Parker eyes IPO as soon as this year<\/strong>”<\/p>\n

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Hipster glasses seller Warby Parker is eyeing an initial public offering. <\/p>\n

The 11-year-old business, which started out as an e-tailer before rolling out some 130 stores across the US, is considering an IPO as early as this year, Bloomberg reported on Wednesday.<\/p>\n

The New York-based company has amassed a huge customer following by offering less expensive prescript<\/a>ion glasses. Warby Parker raised $120 million in its most recent funding round giving it a $3 billion valuation, according to the report.<\/p>\n

\u201cWe\u2019ve always explored various financing opportunities in both the debt and equity markets,\u201d the company said in a statement. \u201cTo date, we have successfully and deliberately raised money within the private market on favorable terms and have plenty of cash on our balance sheet. We\u2019ll continue to make strategic decisions in line with our commitment to sustainable growth.\u201d<\/p>\n

The company was founded by Dave Gilboa and Neil Blumenthal, college buddies who met at the Wharton School at the University of Pennsylvania, as well as Jeff Raider and Andy Hunt. <\/p>\n

Warby Parker, which is still run day-to-day by co-CEOs Giboa and Blumenthal, has attracted some large investors, including the mutual fund company, T. Rowe Price.<\/p>\n

It turned it first profit in 2018, Gilboa told The New York Times at the time.<\/p>\n

\"Warby
Warby Parker co-founder Neil Blumenthal<\/figcaption>
Brian Ach\/Getty Images<\/span><\/figcaption><\/figure>\n

Customers can get prescriptions through their apps on their smartphones and use cameras to pick out frames. The company also has an optical lab in Sloatsburg, NY where it produces lenses.<\/p>\n

While Warby Parker is not the least expensive option, it beats Costco in a recent comparison with Costco charging as little a $126 for a pair of prescription glasses compared with Warby Parker\u2019s least expensive pair at $95.<\/p>\n

\u201cAs consumers walk into a LensCrafters or Sunglass Hut, they see 50 different brands of glasses but don\u2019t realize that all those brands are owned by the same company that owns the store that they\u2019re standing in, that probably owns the vision insurance plan they\u2019r using to pay for those glasses,\u201d Gilboa said in a recent CNBC interview. <\/p>\n

\u201cAnd so, it\u2019s no surprise that a lot of those glasses are marked up 10 to 20 times what they cost to manufacture,\u201d he said.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Glasses retailer Warby Parker eyes IPO as soon as this year” Hipster glasses seller Warby Parker is eyeing an initial public offering. The 11-year-old business, which started out as an e-tailer before rolling out some 130 stores across the US, is considering an IPO as early as this year, Bloomberg reported on Wednesday. The New…<\/p>\n","protected":false},"author":1,"featured_media":232939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/wp.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[102877,103018],"class_list":["post-232938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-21-21","tag-warby-parker"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/232938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=232938"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/232938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/232939"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=232938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=232938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=232938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}