Published On: Mon, Sep 8th, 2014

Is An IPO in Store for One King’s Lane?

onekingslane07

One King’s Lane, an e-commerce founded by Susan Feldman and Alison Pincus, is the online go-to spot for those who want high-quality home goods at a discount. The site works with brand name and vintage dealers, and offers merchandise up to 70% off at flash sales. The site also offers tag sales that allow suppliers to unload unused inventory. Subscribers have doubled over the past year from 5 million to 10 million as well as its market cap, from an estimated $440 million to nearly $912 million.

Like many websites, One King’s Lane isn’t profitable yet, but it generated an estimated $250 million in revenues and  is cutting costs, including 15% of its workforce and has gotten rid of its marketplace segment, Hunters Alley. The company has received $229 million in venture capital investment, and while it has not announced an IPO, it is certainly becoming leaner and meaner while expanding into offerings beyond the home.

 

Read more about: , , , , , , , ,

Wordpress site Developed by Fixing WordPress Problems