Shares of Zulily tumbled slightly during its first week as a public company, but the online daily deals site for kids’ gear, apparel and toys still commands a $4.28 billion market value after its first week on Wall Street.
And that’s nothing to shake a stick at. Just to put that number in perspective.
That’s about half of Expedia’s $8.2 billion value, and more than Blue Nile, Zillow and RealNetworks combined.
Shares of Zulily finished the week at $35.07, down 6.98 percent on the week. The company priced shares at $22 in an IPO that raised roughly $140 million for the company. The stock opened on Nasdaq last Friday under the ticker ZU at $39.40.
MORE ON ZULILY’S IPO
Shares of Zulily skyrocket in IPO debut, open at $39.40
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Q&A: CEO Darrell Cavens on Zulily’s IPO and its future as a public company
Seattle’s new billion dollar man: Here’s who scored in Zulily’s spectacular IPO
Zulily is one of the fastest growing companies ever to emerge from Seattle’s startup community, reaching $331 million in annual revenue last year.
As we pointed out earlier, that’s more revenue than high-profile Twitter, which also recently went public. (Its shares are now at $41, with a market value of $22.3 billion).
“It may not be a glamorous way of saying it, but I believe that a retail business is a detail business,” Zulily CEO Darrell Cavens told GeekWire last week. “And it is that execution every day that makes us great, so you are going to see us invest in that detailed execution.”
