Zillow Goes Public with IPO Tomorrow, Sets Pricing of Stock Today

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Internet real estate portal Zillow.com, which also operates Zillow Mortgage Marketplace and Zillow Mobile, announced today 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.

Citi is acting as sole book-running manager for the offering.  Allen & Company LLC is acting as senior co-manager and Pacific Crest Securities, ThinkEquity LLC, and First Washington Corporation are acting as co-managers. The initial public offering is being made only by means of a prospectus.

This is the second Internet real estate portal IPO in the last 30 days on the heels of HomeAway.com IPO 2 weeks earlier.

See related WORLD PROPERTY CHANNEL news story here:

• HomeAway.com Announces Close of $231 Million IPO, Underwriters Exercise Options

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