In The Press April 07, 2020

Wayfair Shares Soar Following PIPE (The Deal)

Online furniture retailer Wayfair Inc. (W) has agreed to the sale of convertible senior notes to raise $535 million in fresh capital. The deal also underlines how the PIPE market is likely to see activity during the Covid-19 outbreak, as Wayfair is an infrequent issuer of private-investment-in-public-equity securities. Wayfair received legal counsel on the transaction from Goodwin partners Ettore Santucchi, Jim Barri, Jim Matarese, and Michael Minahan. Read the article here