Zulily wants to be the first online flash sales shopping club to go public. The company, founded in the US at the beginning of 2010 has announced its plans for an IPO:
"The four-year-old startup recorded revenue of $272 million in the first half of the year, compared to $127 million in the same period last year, and generated $2.4 million in net income. Zulily lost $10.3 million on revenue of $331.2 million in 2012."
With this IPO, Zulily is pulling out ahead of Gilt, which has been up till now the most speculated IPO candidate. Zulily has raised $139 million in venture capital.
In our German blog, excitingcommerce had reported last December on the revival of Zulily and other flash sales, member-only type commerce sites.in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.