Zulily Prices 11.5M Share IPO at $22.00/Share
zulily (NASDAQ: ZU) today announced the pricing of its initial public offering of 11,500,000 shares of its Class A common stock at a price to the public of $22.00 per share. A total of 6,377,500 shares are being offered by zulily, and a total of 5,122,500 shares are being offered by certain selling stockholders. The shares are expected to begin trading on NASDAQ on November 15, 2013 under the symbol "ZU". In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,725,000 shares of Class A common stock, with 956,625 additional shares from zulily and 768,375 additional shares from certain selling stockholders. zulily will not receive any proceeds from the sale of shares by the selling stockholders.
Goldman, Sachs & Co. is the lead bookrunning manager and representative of the underwriters for the offering. BofA Merrill Lynch, Citigroup and RBC Capital Markets are acting as joint bookrunning managers for the offering, and Allen & Company LLC and William Blair are acting as co-managers.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on November 14, 2013.