Zillow Now Has A $500 Million Valuation

Real estate website Zillow.com has increased the price of their IPO to $16-$18 per share from $12-$14. Now Zillow has a valuation of close to $500 million. Zillow will trade under the stock symbol “Z” on the NASDAQ. Zillow is aiming to raise about $71.6 million in the IPO. Zillow currently has about 100 million U.S. homes listed for rent and for sale. Zillow is the third most visited real estate website in the U.S.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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