Lulu s Fashion Lounge, an online retailer focused on women's clothing, applied for an initial public offering (lvlu) on the NASDAQ for $100 million. The IPO was led by Goldman Sachs, Bank of America and Jefferies Financial Group.
Located in Chico, California, Lulus was founded in 1996 by a mother and daughter, Debra Cannon and Colleen Winter. The company does not operate a brick-and-mortar store, but has 2.5 million active customers and 7.5 million followers on social media.
The company achieved profitability during the COVID-19 epidemic. For the six months ended July 4, the company had net income of $173 million and net income of approximately $7 million, compared to revenue of $140 million and a net loss of more than $15 million for the year-ago quarter.
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Date:2021-10-13 20:22:44 Category: Toutiao