Skip to main content
Advertising

Originally published November 15, 2013 at 9:35 AM | Page modified November 16, 2013 at 8:44 AM

  • Share:
           
  • Comments (3)
  • Print

Zulily leaps 71 percent in 1st day as publicly traded company

Zulily's stock surged 71.4 percent in its first day as a publicly traded company.


Most Popular Comments
Hide / Show comments
FINALLY! A way to buy super cheap crap on the internet. Who says innovation is dead... MORE
Am mostly surprised they weren't bought out by Amazon.com before they went public. ... MORE
Nice to know some new companies are able to survive in this liberal, pro-union... MORE

advertising

NEW YORK —

Zulily's stock surged 71.4 percent in its first day as a publicly traded company.

Shares jumped $15.70 to $37.70 at Friday's close.

The initial public offering of 11.5 million shares priced at $22 each, above the projected price range of $18 to $20.

Zulily Inc. offered about 6.4 million shares and certain selling stockholders offered approximately 5.1 million shares. Zulily won't receive any proceeds from shares sold by the stockholders.

The Seattle online retailer raised about $253 million in the IPO.

The underwriters have a 30-day option to buy up to an additional 1.7 million shares.

Zulily said in a regulatory filing that it plans to use the offering's net proceeds for working capital and other general corporate purposes. It may also use some of the proceeds for acquisitions of other businesses, products or technologies.

Zulily, which launched its namesake website in January 2010, had 2012 sales of $331.2 million. That compares with 2011 sales of $142.5 million.

The stock is trading on the Nasdaq Global Select Market under the "ZU" ticker symbol.



News where, when and how you want it

Email Icon

Universal preschool for all?

Universal preschool for all?

Get schooled on universal preschool before you vote on it in November. Read our 3-part Education Lab series, starting Sept. 21 in the Seattle Times.

Advertising

Advertising

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►