Zillow stock prices july 20 2011, initial public offering at $20 per share

Zillow stock prices july 20 2011, initial public offering at $20 per share : Zillow, the real estate search website, has priced its initial public offering at $20 per share, giving the company an implied valuation of $539.2 million. The stock will begin trading under the single-letter ticker symbol “Z” on the Nasdaq stock exchange on Wednesday morning.

Zillow will raise a total of about $70 million in the IPO. The offering’s underwriters will have the option to purchase an additional $10 million worth of shares in the 30 days following the stock market debut.

Zillow’s stock market debut will occur just three months after the company filed its S-1 with the Securities and Exchange Commission. In that first filing, Zillow said it hoped to raise around $51 million in an IPO. The offering price announced on Tuesday shows that the company has encountered a healthier appetite for its stock than it initially expected.

This summer has proven to be an especially active one for the tech sector and the public markets. Professional social networking site LinkedIn kicked off the season with a solid IPO on May 9. Two weeks later Russian search engine Yandex (YNDX) debuted on the Nasdaq exchange; the month of June saw S-1 filings from daily deals site Groupon and e-commerce company CafePress and an IPO from Internet radio company Pandora. Then Zynga rang in July with its own S-1 filing to raise a whopping $1 billion in its planned IPO.

Zillow stock symbol, Zillow stock prices today, Zillow shares prices, Zillow stock prices prediction, Zillow stock prices forecast, analisyst Zillow stock,

Zillow price range for IPO per share july 18 2011

Zillow price range for IPO per share july 18 2011 : Zillow Inc., the Seattle-based online real-estate information service, raised the proposed price range for its initial public offering to as much as $18 a share.

The company is offering 3.46 million shares at $16 to $18 apiece to raise as much as $62.3 million, according to regulatory filings. Zillow earlier set a range of $12 to $14.

Zillow, led by Chief Executive Officer Spencer Rascoff, announced its IPO in April, joining a flood of filings to go public. In the three months through June, companies registered for initial offerings at the fastest pace since 2007, according to Bloomberg data. Zillow plans a placement of about $5.5 million of shares with two private investors alongside the IPO.

Zillow’s website allows home buyers, sellers, renters and managers to list and search for properties, home-price estimates and other information. Sales more than doubled to $11.3 million in the quarter ended March 31. In May, 22 million unique users visited Zillow through its website and mobile applications, more than double the number a year earlier.

At the offering’s midpoint price of $17 and assuming completion of the private placement, Zillow would be valued at $458.3 million, according to data disclosed in today’s filing.

All of the shares in the IPO are being offered by Zillow, and the company is selling the private-placement shares to Technology Crossover Ventures and PAR Investment Partners, according to the SEC filing.

Citigroup Inc. is leading Zillow’s offering. The shares will list on the Nasdaq Stock Market under the symbol Z.

Tag : commercial property zillow, zillow for commercial property, zillow shares prices per share. zillow stock per share sets ipo price, Zillow Stock Market symbol, Zillow stock prices per share, Zillow stock prediction 2011, IPO prices per share, Zillow boosts IPO price range