Attached files

file filename
S-1/A - S-1/A - Wayfair Inc.a2221390zs-1a.htm
EX-3.5 - EX-3.5 - Wayfair Inc.a2221390zex-3_5.htm
EX-1.1 - EX-1.1 - Wayfair Inc.a2221390zex-1_1.htm
EX-3.4 - EX-3.4 - Wayfair Inc.a2221390zex-3_4.htm
EX-4.1 - EX-4.1 - Wayfair Inc.a2221390zex-4_1.htm
EX-3.2 - EX-3.2 - Wayfair Inc.a2221390zex-3_2.htm
EX-3.6 - EX-3.6 - Wayfair Inc.a2221390zex-3_6.htm
EX-10.6 - EX-10.6 - Wayfair Inc.a2221390zex-10_6.htm
EX-10.4 - EX-10.4 - Wayfair Inc.a2221390zex-10_4.htm
EX-23.1 - EX-23.1 - Wayfair Inc.a2221390zex-23_1.htm
EX-10.3 - EX-10.3 - Wayfair Inc.a2221390zex-10_3.htm
EX-10.5 - EX-10.5 - Wayfair Inc.a2221390zex-10_5.htm

Exhibit 5.1

 

 

John Hancock Tower, 27th Floor

 

200 Clarendon Street

 

Boston, Massachusetts 02116

 

Tel: +1.617.948.6000 Fax: +1.617.948.6001

 

www.lw.com

 

FIRM / AFFILIATE OFFICES

 

Abu Dhabi

Milan

 

Barcelona

Moscow

 

Beijing

Munich

 

Boston

New Jersey

 

Brussels

New York

September 19, 2014

Chicago

Orange County

 

Doha

Paris

 

Dubai

Riyadh

 

Düsseldorf

Rome

 

Frankfurt

San Diego

 

Hamburg

San Francisco

 

Hong Kong

Shanghai

 

Houston

Silicon Valley

 

London

Singapore

 

Los Angeles

Tokyo

 

Madrid

Washington, D.C.

 

Wayfair Inc.

4 Copley Place, 7th Floor

Boston MA, 02116

 

Re:                             Form S-1 Registration Statement File No. 333-198171;
Initial Public Offering of up to 12,650,000 shares of Class A Common Stock of Wayfair Inc.

 

Ladies and Gentlemen:

 

We have acted as special counsel to Wayfair Inc., a Delaware corporation (the “Company”), in connection with the proposed issuance of up to 12,650,000 shares of Class A common stock, $0.001 par value per share (the “Shares”), 10,500,000 of which are being offered by the Company (the “Company Shares”), 500,000 of which are being offered by certain stockholders of the Company (the “Selling Stockholder Initial Shares”) and up to 1,650,000 of which may be purchased by the underwriters pursuant to an option to purchase additional shares from certain stockholders of the Company (the “Option Shares” and together with the Selling Stockholder Initial Shares, the “Selling Stockholder Shares”).  The Shares are included in a registration statement on Form S—1 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on September 19, 2014 (Registration No. 333-198171) (as amended, the “Registration Statement”).  This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus (the “Prospectus”), other than as expressly stated herein with respect to the issue of the Shares.

 

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter.  With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters.  We are opining herein as to the General Corporation Law of the State of Delaware (the “DGCL”), and we express no opinion with respect to any other laws.

 



 

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof:

 

1.                                      When the Company Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers and have been issued by the Company against payment therefor (not less than par value) in the circumstances contemplated by the form of underwriting agreement most recently filed as an exhibit to the Registration Statement, the issue and sale of the Company Shares will have been duly authorized by all necessary corporate action of the Company, and the Company Shares will be validly issued, fully paid and nonassessable.  In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.

 

2.                                      The Selling Stockholder Shares have been duly authorized by all necessary corporate action of the Company and are validly issued, fully paid and nonassessable.

 

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act.  We consent to your filing this opinion as an exhibit to the Registration Statement and to the reference to our firm in the Prospectus under the heading “Legal Matters.”  In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

 

 

Very truly yours,

 

 

 

/s/ Latham & Watkins LLP

 

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