Press Release

Warby Parker – Direct Listing

First public benefit corporation to trade on public markets through direct listing
October 13, 2021

New York – October 13, 2021 – Cooley advised the financial advisers on Warby Parker’s direct listing of 77,741,942 shares of Class A common stock. The direct-to-consumer eyewear brand’s securities now trade on the New York Stock Exchange under the symbol WRBY. Partners Nicole Brookshire, Richard Segal and David Peinsipp led the Cooley team advising Warby Parker’s financial advisers.

Goldman Sachs, Morgan Stanley, Allen & Company, Robert W. Baird & Co., Citigroup Global Markets, Evercore Group, Cowen and Company, and Telsey Advisory Group acted as financial advisers for the direct listing.

Founded in 2010, Warby Parker’s mission is to inspire and impact the world with vision, purpose and style, without charging a premium for it. The brand pioneers ideas, designs products and develops technologies that help people see – from designer-quality prescription glasses and contacts to eye exams and vision tests available online and in more than 145 retail stores across the US and Canada. Warby Parker is the first public benefit corporation to trade on the public markets through a direct listing.

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