Lulu's Fashion Lounge Raises $92M Via IPO Priced At Bottom Of Estimated Range

by Shivani Kumaresan, Benzinga Staff Writer

November 11, 2021 7:27 AM | 1 min read |

Lulu's Fashion Lounge Holdings Inc LVLU has raised $92 million through Initial Public Offering (IPO), priced at the bottom of the estimated range.
The company had previously expected the IPO price to be $16 - $19 a share.
All of the 5.75 million shares are being offered and sold by Lulu's at $16 each. It has granted the underwriters a 30-day option to purchase up to an additional 0.86 million shares.
The shares will begin trading on the Nasdaq Global Market on November 11, 2021, under the ticker symbol "LVLU."
The offering is expected to close on November 15, 2021.
Goldman Sachs & Co. LLC, BofA Securities, and Jefferies are acting as joint lead book-running managers for the offering.

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