Wayfair Shares Soar on First Day of Public Trading

Investors embraced shares of Wayfair Inc. in their first day of public trading, driving the stock of the Boston online furniture and home goods retailer up more than 30 percent Thursday. Wayfair raised $319 million Wednesday evening when underwriters priced shares in its initial public offering at $29 each, above initial estimates. The stock jumped as soon as it began trading publicly Thursday and closed at $37.72, giving the company a total market value of $3.1 billion by the end of the day.