Voices

E-Commerce Shopping Site Zulily Prices $253 Million IPO Above Target

Zulily is slated to open on the Nasdaq Stock Market Friday under the symbol “ZU.”

Fab’s Chief Product Officer Among Execs Being Laid Off (Updated)

Seems that Fab is starting over — again.
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News Byte

Zulily Raises IPO Price Range to $18-$20 a Share

Discount women’s and children’s clothing site Zulily said in an SEC filling on Wednesday morning that it has increased the expected per-share price range for its IPO from $16 to $18 to $18 to $20. At $19 a share, the company would net about $110 million from the offering when shares start trading on the Nasdaq exchange this Friday.

News Byte

IPO-Bound Zulily Surpasses $400 Million in 2013 Revenue, New Filing Shows

Zulily, the IPO-bound discount e-commerce site targeted at moms, recorded revenue of $439 million in the first nine months of this year for 116 percent growth year over year, an amended S-1 filing shows. But its net income dropped from $2.4 million in the first six months of the year to just $200,000 through the first nine months. Zulily also signed a letter of intent on a new $50 million revolving credit line, according to the document.

Before Zulily’s IPO, One VC Firm Has Already Cashed In on Startup’s Success

Maveron’s investment has already paid off. And it will likely only get better.
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Zulily, Not Gilt Groupe, Will Be the First Deals Site to Go Public Since Groupon

An IPO that the e-commerce industry will be watching closely.
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AllThingsD Week In Review: $TWTR, More NSA Drama and the “Dark Web”

The Top 10 stories that powered AllThingsD this week, in one convenient post.
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The Real Reason for Fab’s Layoffs: A Big, Bad Bet on Flash Sales

The company said it needs to cut staff because of a new focus on profitability. But that’s not the whole story.
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Fab Raises $10 Million From SingTel as Part of Ongoing Series D Funding

The move comes just a day after the company announced it was cutting 100 jobs as part of a shift away from flash sales.
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Fab Lays Off More Than 100 Employees in Europe, as It Continues Retreat From Flash Sales

The e-commerce site’s Berlin marketing and merchandising staff will be hit hard.
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