Individual and institutional stakeholders own Wayfair. Wayfair has 794 institutional owners and shareholders. Wayfair's CEO and director is its co-founder Niraj Shah and the other co-founder, Steven Conine, is the Director and Co-Chairman.
The largest individual shareholders at Wayfair are the co-founders, Niraj Shah and Steve Conine, who each have 13.30% of the company, while Fidelity Management Research Co. is the largest shareholder altogether at 15%.
Other major shareholders include Baillie Gifford Co (11.5% of total shares), Morgan Stanley (9.63% of total shares), Vanguard Group Inc (8.03% of total shares), Bares Capital Management 5.72% of total shares), Inc, Vulcan Value Partners LLC (4.94% of total shares), Prescott Investors Inc (5.27% of total shares), and Capital Research Management (4.63% of total shares).
Wayfair started in 2002 as a two-person company in Australia that sells furniture and home goods online by entrepreneurs Niraj Shah and Steve Conine. Wayfair expanded into more areas over the years and, in 2014, had its first initial public offering. In 2021, Wayfair earned $6.7 billion in revenue.
Wayfair has over 16,681 employees located across offices and warehouses throughout the United States and in Canada, Germany, Ireland, and the United Kingdom. You can find their headquarters in the Back Bay section of Boston, Massachusetts.
Further ownership of Wayfair is dispersed among various investment firms, mutual funds, and individual stakeholders. These entities provide financial backing and have an interest in the growth and profitability of the company. They also play a role in corporate governance, with certain shareholders having voting rights at Wayfair's annual meetings.
Additionally, a significant portion of Wayfair's shares are held by its employees. Through stock options and equity incentives, this form of ownership aligns the interests of the employees with the overall success of the company.
While institutional investors hold a significant portion of Wayfair's ownership, it is also owned by its founders, executives, and employees who are invested in its continuous growth and success.
