Lulus is planning IPO at $1b value

lulus ipo people planning america
Middle East

Lulus is planning IPO at $1b value

Lulus, the online retailer that focuses on female apparel, is planning an initial public offering this year, according to people with knowledge of the matter. The Chico, California-based company is working with Goldman Sachs Group Inc and Bank of America Corp on the planned listing, said the people who asked not to be identified discussing private information. The company could be valued at around $1 billion, the people said. A Lulus spokesperson didn't immediately respond to a request for comment. Representatives for Goldman Sachs and Bank of America declined to comment. Direct-to-consumer companies are flocking to the public market as winners of the stay-at-home economy.