Seeking Alpha

Zulily hikes IPO price range

  • Zulily (ZU) has raised its IPO price range to $18-$20 from a prior $16-$18. The IPO is set to price on Thursday night, thereby allowing shares to begin trading on Friday.
  • The new range means the women/children's apparel flash sales site is now looking to raise $207M-$230M, and sport an IPO valuation of $2.2B-$2.44B.
  • In a year that has seen tech/Internet investors aggressively chase growth, Zulily offers plenty of it. The company had revenue of $438.8M (+116% Y/Y) over the first nine months of 2013, albeit while posting a net loss of $7.5M.
  • S-1
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