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Online Boutique Lulus Is Planning IPO at $1 Billion Value Style Society Event

Photographer: Jerritt Clark/Getty Images 

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.