Seattle-based ecommerce site Zulily prices IPO – WSJ

Zulily, the Seattle-based ecommerce site that targets moms and their children, has set the pricing terms of its IPO, the Wall Street Journal reported. According to the publication, Zulily, has priced its IPO at between $16 and $18 a share, giving the company a valuation of up to $2.2 billion. Maveron, which holds the second largest stake in Zulily, plans to sell 2.63 million shares while the company’s others investors August Capital and Andreessen Horowitz both plan to sell about 800,000 shares each. The stock will trade on the NASDAQ under the ticker symbol “ZU.”  Goldman Sachs, BoA Merrill Lynch and Citigroup are acting as lead underwriters.

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