Zulily shares soar 7%, tops $5 billion market value

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Seattle’s newest publicly-traded company is continuing to shine on Wall Street after its spectacular IPO last month.

zulilyThe stock of the daily deals company jumped more than seven percent in value today, giving it a whopping market value of $5.58 billion. (There are currently 132.2 million outstanding shares).  That’s more than both Zillow and Tableau — two other tech giants from Seattle that have gone public in the past two and half years. (Zillow has a value of $3 billion, while Tableau is valued at $3.88 billion).

Zulily went public on Nov. 15th, pricing at $22 per share and opening on the Nasdaq at $39.40. Over the past five trading days, the stock is up more than 15 percent, and it’s unclear to us what’s driving the momentum.

The company, founded by former Blue Nile execs Mark Vadon and Darrell Cavens, posted annual sales of $331 million last year.

Previously on GeekWireQ&A: CEO Darrell Cavens on Zulily’s IPO and its future as a public company

  • Joe McGrath

    Sorry, not a tech company. E-commerce site yes, but their value has nothing to do with some specific new technology. Not even classified as tech with the SEC.

  • Easyrhino1

    Zulily shares nose-dive $2.30(5.44%)!