Warby Parker Files for IPO

Eyewear brand Warby Parker (New York) has filed to go public in a direct listing, reports Fortune. In financial records provided as part of that process disclosed a 53 percent increase in revenues this year.

The retailer reported in the filing that it experienced a net loss of $7.3 million on revenue of $271 million in the first six months of 2021. During the same period in 2020, Warby Parker had a net loss of $10 million against $177 million in revenue.

Bloomberg News has reported that the company could be valued at $3 billion in the listing.