FORTUNE -- Shares in e-commerce company Zulily (ZU) have popped more than 75% in their first day of trading, following an IPO that raised $253 million. The Seattle-based company priced 11.5 million shares at $22 a piece (above its expected range), and opened trading at $39.40 per share. As of this writing, they were sitting at $38.80.
The bonanza's biggest winner is venture capital firm Maveron, which invested just $6 million into Zulily (beginning in 2009). At $38.80, that total stake is now worth a whopping $1.04 billion, including nearly $58 million worth of shares sold during the IPO.
Other large holders include August Capital (7.4% pre-IPO stake) and Andreessen Horowitz (7.3%), Trinity Ventures (2.6%), Meritech Capital Partners (2.4%) and Greenspring Associates (1.6%).
Zulily reports $155,000 million in net income on $438 million in revenue for the first nine months of 2013, compared to a $13.6 million net loss on $202 million in revenue for the year-earlier period.
Goldman Sachs, BofA Merrill Lynch and Citigroup served as lead underwriters for the IPO.
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Zulily is going public tomorrow at a $2.6 billion valuation. Read all about it here, because no one else seems to care.
FORTUNE -- It has been more than an hour since Zulily (ZU), a flash sales site focused on children and mothers, announced that it has raised $253 million in its IPO. This should be a very big deal among the tech press. Four-year old ecommerce company now valued at MOREDan Primack - Nov 14, 2013 7:48 PM ET
Maveron scored big on last week's Potbelly IPO. And Zulily should be even bigger.
FORTUNE -- Things just keep getting better for Maveron, the Seattle-based venture capital firm co-founded in the late 1990s by Starbucks (SBUX) CEO Howard Schultz.
The first big hit came last week, when sandwich shop chain Potbelly (PBPB) went public and saw its shares more than double in the aftermarket. Maveron is the company's largest shareholder, with around a MOREDan Primack - Oct 8, 2013 12:03 PM ET
Zulily raises new money from Andreessen Horowitz.
FORTUNE -- Zulily, a deals site for moms and kids, is putting the finishing touches on a new venture capital round that values the company at approximately $1 billion, Fortune has learned.
Andreessen Horowitz is leading the round, which is believed to be for around $100 million. Some of that money will be used to provide liquidity to early Zulily shareholders. This may be Andreessen Horowitz's MOREDan Primack - Nov 15, 2012 3:55 PM ET
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