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Tuesday, Oct 8
$1B e-commerce site Zulily poised to reveal IPO details
- E-commerce firm Zulily reportedly made a confidential IPO filing earlier this year and could disclose its plans today.
- Zulily received a valuation of $1B at its last funding round in November, when it raised $85M. Founded in 2009, the company sells children's and women's clothing and has at least 10M customers. It could be on course to earn $650M in annual revenues.
- Zulily specializes in "flash sales" in which it offers products for a short period, usually at a heavy discount. The firm competes with Gilt Groupe and Groupon's Goods unit.