Monday, July 18, 2011

Zillow IPO Anticipated Wednesday

Real estate website operator Zillow is expected to have its IPO on Wednesday, after the firm bumped its IPO pricing range on Friday. Zillow said in a filing Friday that it expects to price its IPO at between $16.00 and $18.00 per share. That's significantly above the earlier, $12.00 to $14.00 estimated range by the company. Zillow's IPO is being underwritten by Citi, Allen & Company, Pacific Crest Securities, ThinkEquity LLC, and First Washington Corp. The firm is slated to trade as "Z" on the NASDAQ Global Market.