Following months of rumors, New York-based fashion site Gilt Groupe has filed to raise $138 million in a Series E offering, according to Private Equity Hub. The filing authorizes the sale of about 5 million shares at $27.68 a piece. Gilt holds online limited-time “flash sales” of deeply discounted clothing, home decor, travel, and more. The company previously raised more than $80 million in several financing rounds from investors such as Matrix Partners and General Atlantic. Its expansion plans include a full-priced men’s site, which will launch this summer.
Author: Arlene Weintraub
Arlene is an award-winning journalist specializing in life sciences and technology. She was previously a senior health writer based out of the New York City headquarters of BusinessWeek, where she wrote hundreds of articles that explored both the science and business of health. Her freelance pieces have been published in USA Today, US News & World Report, Technology Review, and other media outlets. Arlene has won awards from the New York Press Club, the Association of Health Care Journalists, the Foundation for Biomedical Research, and the American Society of Business Publication Editors. Her book about the anti-aging industry, Selling the Fountain of Youth, was published by Basic Books in September 2010.
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