Wednesday, July 6, 2011

Zillow Prices IPO Between $12 And $14 Per Share With Nearly $400 Million Valuation

Real estate listings site Zillow has just filed additional documents with the SEC indicating the initial range for the company's upcoming IPO. Zillow's price range will start at $12 to $14 per share, giving the company a $378 million valuation. The company aims to raise as much as $55.7 million in the IPO. Zillow will begin trading under the symbol "Z" on the NASDAQ. Zillow, which initially filed its S-1 in April, currently lists over 100 million U.S. homes, including homes for sale, homes for rent and homes not currently on the market. Zillow launched a mortgage marketplace in 2008, and subsequently expanded into rentals and mobile.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/uwqvGIxjMk8/

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