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Fashion Brand, Lulu’s Files For IPO


Lulu’s, a fast-fashion retailer, has filed for an initial public offering (IPO). For the three months ended October 3, the California-based corporation generated between 104 million and 106 million dollars in net revenue and 50 million dollars in gross profit. The story was broken by Business of Fashion.

Lulu’s began as a vintage boutique before expanding into e-commerce in 2008.
Every week, the brand launches a full collection of new styles and uses analytics to determine what to keep creating.

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Goldman Sachs & Co. LLC, BofA Securities, and Jefferies are serving as joint lead book-running managers for the proposed offering, with Baird, Cowen, KeyBanc Capital Markets, and Piper Sandler serving as book-running managers and Telsey Advisory Group serving as co-manager.

The Company intends to file an application for its common stock to be listed on the Nasdaq Global Market under the ticker symbol “LVLU.”
The quantity of shares to be offered, as well as the price range, have yet to be defined for the proposed offering.

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