Boston ecommerce company Wayfair has selected four banks as underwriters for its upcoming initial public offering.
Goldman Sachs, Bank of America, Citigroup and Allen & Co. have been tapped to handle the IPO, according to the Wall Street Journal.
The move is reflective of "Wayfair's desire to proceed quickly to a public offering," according to the report's anonymous sources.
Sizing up Wayfair's recent activity with the typical IPO timeline, the company's shares could start trading sometime this spring.
The company has a number of plans come warmer weather, including the launch of a new brand, Wayfair CEO and Co-founder Niraj Shah told BostInno. “We’re launching a new brand in the not so distant future,” Shah shared, noting that there are “a series of things we are going to roll out in the next four to six weeks.”
In January, the home décor company announced that it had earned nearly $1 billion in revenue – a growth of 55 percent – in 2013. Also last month, Wayfair reportedly raised a massive round of funding worth $150 million at a valuation of $2 billion, according to Reuters.
Stay tuned to BostInno for the latest on Wayfair's IPO.
Image via CNN Money
