Warby Parker Hitting Wall Street With a $5 Billion Valuation - NewsBreak

Warby Parker is coming to the market with a $5 billion market capitalization — blowing past the $3 billion valuation it scored in a private fundraising round last year. The ever-buzzy eyewear brand shares were priced at $40 each in preparation for the company's direct listing on the New York Stock Exchange on Wednesday. The process is similar to an IPO, but instead of creating new shares, private investors use direct listings to sell existing stock directly to the public.