Lulus announces pricing of initial public offering

Chico, calif., nov. 10, 2021 (globe newswire) -- lulu's fashion lounge holdings, inc. (“lulus”) (nasdaq: lvlu), a customer driven, digitally native women's fashion brand, today announced the pricing of its initial public offering of 5,750,000 shares of its common stock at a price to the public of $16.00 per share, for gross proceeds of $92.0 million, before deducting underwriting discounts and commissions and other offering expenses payable by lulus. all of the shares are being offered and sold by lulus. the shares are expected to 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, subject to the satisfaction of customary closing conditions. in addition, lulus has granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
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