Jason Del Rey

Recent Posts by Jason Del Rey

Zulily to Price IPO at $16-$18 a Share, Valuing Deals Site at About $2 Billion

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Cash image copyright Julia Ivantsova

Discount shopping site Zulily said in an SEC filing today that it is looking to price shares during its upcoming IPO at $16 to $18. With the company offering 6,377,500 shares, Zulily would raise just shy of $115 million if it priced at $18 a share. That price would also value the Seattle-based company at around $2 billion.

Current shareholders are selling an additional 5.1 million shares in the offering, the company said. Zulily also said it would make 1.7 million more shares available to its underwriters should they sell all of the company’s and selling shareholders combined 11.5 million shares.

Zulily estimated it would net $98.1 million after expenses and the underwriters’ discount should it price in the middle of its range at $17 a share.

In a recent filing, the company said it generated $439 million in revenue in the first nine months of this year, up 116 percent from last year.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work