Wayfair Files for $350 Million IPO
Online home furnishings retailer Wayfair has filed for a $350 million public offering of stock. The Boston-based company, which said its revenues were up 52 percent last year and almost 50 percent in the first half of this year, was founded in 2002 by Niraj Shah and Jeff Conine. They still each own 29 percent of the company, according to Wayfair's IPO filing with the SEC. Other owners include Great Hill Partners with an 11.4 percent stake, Battery Ventures with 6.2 percent and HarbourVest Partners with 7 percent. Wayfair's brands include Wayfair.com, Birch Lane, DwellStudio, AllModern.com, and Joss & Main.