Tuesday, October 8, 2013

Zulily Files For IPO

Seattle-based children's and babies e-commerce site Zulily has filed for an IPO, saying in a securities filing that it is looking to raise up to $140M in an IPO on the NASDAQ Global Select Market. The company is looking to list as ZU. The site--which focuses its efforts on providing daily deals for moms--is backed by Maveron, August Capital, and Andreessen Horowitz. The IPO is being undewritten by Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup, RBC Capital Markets, Allen & Company LLC, and William Blair. Zulily was founded by Darrell Cavens, who previously had been at Blue Nile. The company has been rumored to be seeking an IPO since earlier this year.