Warby Parker wants to go public

Eyeglass retailer Warby Parker has confidentially filed for an initial public offering.

The New York-based company did not provide a timeframe. In a release, it said only that the public listing is expected to take place after the SEC completes its review process, subject to market and other conditions.

Warby Parker was founded online in 2010. The brand’s affordable and fashionable prescription glasses — and policy of sending customers multiple pairs of frames to try on at home — quickly developed a fast following.  
 
The company opened its first physical store in spring 2013, in the SoHo section of New York City. It currently operates approximately 135 stores, with plans to open 35 new stores this year, reported The Wall Street Journal.
 
Warby Parker raised $245 million from private investors last fall, reaching a $3 billion valuation—higher than before, according to the report. The company has been profitable since 2019.