Warby Parker is set to debut as a public company via a direct listing Sept. 29, Forbes reports in an analysis of the company’s fundamentals. For its last round of funding, the firm fetched a roughly $3 billion valuation, which would earn it a very unattractive rating.
At first glance, it may seem like Warby Parker is a profitable company, given its well-known brand and early entrance into the ecommerce eyewear space, howwever, the article urges investors “to see through this optical illusion, as the company’s fundamentals are headed the wrong direction.” Read more.
