Wednesday, July 6, 2011

Zillow Sets IPO Pricing Range

Seattle-based Zillow, the online real estate site known for its estimated property value and scores, has estimated its initial public offering range, saying it expects to price its IPO at between $12.00 and $14.00 per share. According to the firm's latest S-1 filing, it now expects to raise around $55.7M in its IPO offering. The firm has not yet set the number of shares it expects to offer in the IPO. Companies usually set an initial pricing range a few days to a few weeks before actually pricing of their IPOs. The company has selected the Nasdaq Global Market as its exchange, and hopes to trade under the symbol "Z".