Funds lining up to buy a stake at twice 2013’s value.
The juggernaut that is Warby Parker may be rolling toward an IPO of as much as $1.2 billion if its four founding college buddies decide to cash in on offers coming in now from investment firms. The last time Warby Parker sought investors a little over a year ago, the company was valued at $450 million. Warby Parker’s high-profile charitable endeavors have made it a media phenomenon, but it’s no doubt the company’s financials that appeal to money lenders. Warby Parker brought in $35 million in revenue in 2013, and likely doubled that in 2014, according to estimates.
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Crain’s New York
