Zulily said today in a SEC filing that it plans to trade on the Nasdaq stock market under the ticker symbol ZU, pricing shares in the $16 to $18 range.
The daily deal site, said it will offer 6.3 million shares of class A common stock, with selling stockholders offering 5.1 million.
That means the company could pull in a total of $238 million in the offering if it sells shares at the $18 mark. Net proceeds from the offering to Zulily could hit $98.1 million, if the company sells at $17 per share.
The company does not plan to collect cash from shares sold by key stockholders, including execs and venture capital firms. Seattle venture capital firm Maveron will hold about 22 percent of the voting power in Zulily after the offering, the largest outside shareholder. August Capital will hold seven percent, while Andreessen Horowitz will hold 6.8 percent.
Zulily co-founder and chairman Mark Vadon will own 31.4 percent, while CEO and co-founder Darrell Cavens will own 21.6 percent.
Originally, the company — which launched its daily deals site in January 2010 — said it planned to raise up to $100 million.
The latest boost indicates that there’s strong demand in the market for Zulily’s shares.
The company, as we’ve noted in the past, is on an absolute crazy growth pace, even outpacing Twitter’s revenue. Last year, it had $331 million in revenue. Here’s a look at some key metrics of what I’ve said is the fastest-growing technology company I’ve ever seen in Seattle: