On Nov. 12, shares of prescription and sunglasses company Warby Parker (NYSE: WRBY) jumped up 9% since trading began in September. The shares also rose 1% again during the extended trading session. The rise to $57.98 follows strong third-quarter results. The rise follows the company reporting more revenue than Wall Street expected.
IPO Details
Warby Parker first filed for its IPO in August. The company began trading in September with shares opening at $54.05 per share before closing at $54.59 on the first day.
Additionally, the company's management raised the financial guidance for the fiscal year 2021. Warby Parker's management predicts net revenue to grow in the range of $539.5 million to $542 million. This range indicates a 37% and 38% growth against the consensus estimate o...
