Wednesday, September 5, 2012

Zillow Plans $130M Secondary Offering

Seattle-based real estate site Zillow said Wednesday that it plans to offer up $130M in a secondary share sale, with a number of its insiders planning to sell some number of shares in the offering. Zillow said it plans to offer 3.2 million shares of its common stock in the sale, with Richard Barton, Lloyd Frink, and the Blachford-Mohit Family Trust selling a total of 325,000 shares of their Class A common stock. Zillow is traded on the NASDAQ Global Market as "Z"; the firm had its IPO in July of last year.