zulily Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

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SEATTLE, Nov. 20, 2013 (GLOBE NEWSWIRE) -- zulily, inc. (Nasdaq:ZU) today announced the closing of its previously announced initial public offering of 13,225,000 shares of its Class A common stock at a price to the public of $22.00 per share, which included 1,725,000 shares purchased upon the exercise in full of the underwriters' option to purchase additional shares. A total of 7,334,125 shares were sold by zulily and a total of 5,890,875 shares were sold by certain selling stockholders. zulily did not receive any proceeds from the sale of shares by the selling stockholders.

The shares began trading on NASDAQ on November 15, 2013 under the symbol "ZU".

Goldman, Sachs & Co. acted as the lead bookrunning manager and representative of the underwriters for the offering. BofA Merrill Lynch, Citigroup and RBC Capital Markets acted as joint bookrunning managers for the offering, and Allen & Company LLC and William Blair acted as co-managers.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange

Commission and was declared effective on November 14, 2013. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1‐866‐471‐2526, by facsimile at 212-902-9316, or by email at prospectus-ny@ny.email.gs.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

CONTACT: Media Contact: Laura Jones PR Manager zulily, inc. Office: 206-724-0500 x. 4037 media@zulily.com

Source: zulily