Wayfair Files for IPO
BOSTON-Online home retailer Wayfair has filed for an initial public offering with the U.S. Securities and Exchange Commission.
The number of shares the company will offer, the portion of the shares to be sold by Wayfair and existing stockholders, and the price range for the IPO have yet to be determined, according to a Wayfair statement. The company plans to list its class A common stock on the New York Stock Exchange under the symbol "W."
The registration statement for the offering has been filed with the SEC but has not yet become effective. The securities can't be sold, nor can offers be made to buy the shares, until the registration statement becomes effective, the Wayfair statement said.
A spokeswoman for Wayfair declined further comment on the IPO beyond the company's statement.