The company is offering 3.46 million shares at $16 to $18 apiece to raise as much as $62.3 million, according to regulatory filings. Zillow earlier set a range of $12 to $14.
Zillow, led by Chief Executive Officer Spencer Rascoff, announced its IPO in April, joining a flood of filings to go public. In the three months through June, companies registered for initial offerings at the fastest pace since 2007, according to Bloomberg data. Zillow plans a placement of about $5.5 million of shares with two private investors alongside the IPO.
Zillow’s website allows home buyers, sellers, renters and managers to list and search for properties, home-price estimates and other information. Sales more than doubled to $11.3 million in the quarter ended March 31. In May, 22 million unique users visited Zillow through its website and mobile applications, more than double the number a year earlier.
At the offering’s midpoint price of $17 and assuming completion of the private placement, Zillow would be valued at $458.3 million, according to data disclosed in today’s filing.
All of the shares in the IPO are being offered by Zillow, and the company is selling the private-placement shares to Technology Crossover Ventures and PAR Investment Partners, according to the SEC filing.
Citigroup Inc. is leading Zillow’s offering. The shares will list on the Nasdaq Stock Market under the symbol Z.
Tag : commercial property zillow, zillow for commercial property, zillow shares prices per share. zillow stock per share sets ipo price, Zillow Stock Market symbol, Zillow stock prices per share, Zillow stock prediction 2011, IPO prices per share, Zillow boosts IPO price range For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
stock
- Best Vanguard High Dividend Yield 2012
- stock market crash august 8 2011, good trading opportunities
- Stock Market Report Week July 30 2011
- stock market prediction august 2011
- Mexico Stocks Preview july 25 2011
- top risers in the FTSE 100 July 25 2011
- best Stocks to buy july 25 2011
- stock market prediction for week 25 july 2011
- Stocks active trade on Friday july 22 2011, Microsoft, Advanced Micro Devices, Caterpillar, General Electric, Schlumberger, Verizon Communications, Mc
- NASDAQ ARUN stock prices prediction
- ETFs Stock To Watch July 21, 2011
- Top Stocks Pick Trading Ideas july 21 2011
- NASDAQ Stock Market Movers July 21 2011, DTLK, MLNX, HOGS, TRMS, ALTH, FWRD, STX, MKSI, FFIV, TSCO, CAKE, QCOM
- Best stock to Buy July 20 2011, PowerShares , Apple Inc, iShares Russell 2000 Index,
- Best stock to buy july 19 2011, Stocks to Watch
- companies are having unusual price changes in Bogota trading july 18 2011
- best-performing stocks week july 18 2011
- EV Energy Partners Stock prices rose july 18 2011
- Best-Performing Canadian Stocks July 16, 2011
- Ultra Electronics stock predictions
- Best consumer stock picks 2011
- Best-Performing IT Services Stocks week July 16 2011
- Wall Street Stock market Forecast For Week Of July 18 2011
- Freeport McMoRan Copper and Gold Inc stock prices analysts
No comments:
Post a Comment