Shares in Zulily Inc (NASDAQ:ZU), a website offering outsized discounts on clothing, were offered at $22 in the company’s recent Initial Public Offering (IPO). The stock made a sizzling debut on listing – opening for trade at $39. It currently trades at $35.07, a solid 59% higher than what shareholders paid for it in the IPO. The company raised only $253M in the IPO but its market capitalization is $4.28B. Is the wildfire in stocks spreading to small and midcap IPOs? Is history from the tech bust in 2000 going to repeat itself? IPOs via ETFs That may or may…
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