Zillow Prices IPO At $20 Per Share, Now Valued At Nearly $540 Million

Real estate listings site Zillow has just priced its IPO at $20 per share, giving the company a $539 million valuation. Last week, the company upped the pricing of its IPO to $16 to $18 per share, from the initial range of $12 to $14 per share. Zillow, which will begin trading under the symbol ?Z? on the NASDAQ tomorrow morning, aims to raise as much as $71.6 million in the IPO. The number of changes in Zillow's pricing (and the steady increase in share value pre-IPO) is similar to LinkedIn and Pandora's pricing increases. These companies saw fluctuations in the share value post-IPO (though both companies have rebounded in July). Other tech companies like HomeAway, Fusion-IO and Yandex didn't post a number of changed in pre-IPO pricing and have seen steady share values.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/ignbpk-TQ8I/

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