Zillow Goes IPO with NASDAQ “Z” – Seattle Homes- Real Estate For Sale- Seattle Stocks -http://www.ThachRealEstateGroup.com

by thachnguyen on July 20, 2011

in Latest News

SEATTLE, July 19, 2011 /PRNewswire/ — Zillow, Inc. (NASDAQ: Z), which operates real estate site Zillow.com®, Zillow Mortgage Marketplace, and Zillow Mobile, today announced the pricing of the initial public offering of 3,462,000 shares of its Class A common stock at $20.00 per share.  The shares will begin trading on Wednesday, July 20, 2011 on The Nasdaq Global Market under the ticker symbol “Z.”  The underwriters have a 30-day option to purchase up to an additional 519,300 shares of Class A common stock, to cover over-allotments, if any.  All of the shares of Class A common stock are being offered by Zillow.

Concurrent with the completion of the initial public offering, Zillow will complete a private placement of 274,999 shares of its Class A common stock, at $20.00 per share, to certain existing investors in Zillow.

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Post by Thach Nguyen

Thach Nguyen is the Founder and CEO of Thach Real Estate Group, company that serves people from diverse cultures and communities in buying, selling and investing in real estate.

Thach has written 2049 articles.

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