Wednesday, November 13, 2013

Zulily Bumps Offering Range

Seattle-based babies and children's e-commerce site Zulily has boosted the estimated initial offering price range for its stock today, saying in a filing that it now expects to offer its shares at between $18.00 and $20.00 per share. The company has been approved to list on the NASDAQ Global Select Market as ZU. The offering range increase would make the IPO worth $264.5M, nearly twice its initial plans. Zulily is planing on offering up 11.5M shares of its common stock in the IPO.