It's got the goods: Wayfair prices IPO above the range at $29

Wayfair, a leading online retailer of home furnishings with over $1 billion in sales, raised $319 million by offering 11 million shares at $29, above the range of $25 to $28. Wayfair plans to list on the NYSE under the symbol W. Goldman Sachs, BofA Merrill Lynch and Citi acted as lead managers on the deal.

Wayfair is the first American online retailer to IPO this year. Three Chinese e-commerce companies have listed in the US, including Jumei (JMEI), JD.com (JD) and Alibaba (BABA).

View our previous story on Wayfair to learn more about the business, shareholders and recent financials.