Tag Archives: Zillow
The Debt Crisis Puts Future Tech IPOs In A Turbulent Market
Some of the technology companies that have filed to have an IPO this year includes Zillow.com, Zynga, Groupon, and LivingSocial. Given Pandora and LinkedIn’s success on their recent IPO, it provided positivity and excitement for the aforementioned companies to go public. However today’s economy gives the stock market an entirely different perspective.
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Categories Groupon, LinkedIn, LivingSocial, Pandora, Zillow, Zynga
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Zillow Stock Price Increases 79% In First Day
Real estate search engine Zillow.com went public on the stock market yesterday and their stock price increased 79% in the first day. Zillow trades on the Nasdaq stock market under the symbol “Z.” The stock price climbed 79% to $35.77 as of 4PM EST yesterday. Zillow raised $69.2 million after selling 3.46 million shares at $20 per share. Zillow lets home buyers and sellers list and search for properties. For the quarter ended March 31st, Zillow’s revenue grew more than double to $11.3 million. Based on the IPO price, Zillow’s market cap was roughly $540 million. [SF Gate]
Categories Zillow
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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.
Categories Zillow
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Zillow Reports $11.2 Million Revenue, $826K Loss For Q1 and Chooses “Z” For Ticker Symbol
Real estate search engine company Zillow.com is planning to go public later this year and has filed an updated SEC filing to include their ticket selection. Zillow.com is planning to trade under the symbol “Z” on the Nasdaq stock exchange. The same filing contained financial information about the company.
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Categories Lloyd Frink, Rich Barton, Zillow
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Zillow Files For $51.75 Million IPO
Real estate search engine company Zillow.com has filed an S-1, which means that the company is going public on the stock market. Zillow is aiming to raise $51.75 million. Currently this is a placeholder amount and is subject to change.
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Zillow Acquires Online Real Estate Listing Website Postlets
Real estate search engine website Zillow has acquired Postlets. Postlets is an online real estate listing creation and distribution service commonly used by agents, property managers, and landlords. Postlets can automatically distribute listings across 13 real estate and social media services. When creating an account on Postlets, you are able to create a personalized landing page. You can customize a personal gallery, a company logo, and an about me page.
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Categories Asher Matsuda, Postlets, Raymond Chen, Zillow
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Zillow Hires Citigroup To Manage IPO
Online real estate company Zillow has hired Citigroup to manage a future IPO. The timing of the IPO is not yet known. Zillow is a company where renters and home buyers/sellers can list and search for properties and discover their value. Zillow earns revenue from selling ad space on their website and mobile app. [BusinessWeek]
Categories Citigroup, Citigroup Inc., Zillow
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Zillow Providing Rent Zestimates For 90 Million Properties
Real estate search engine Zillow.com is best known for estimating the value of houses and condos across the U.S. Now Zillow has launched a new service called Rent Zestimates, which will have rent prices for about 90 million homes. Zillow is used as a marketplace for renters, sellers, and buyers.
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Categories Zillow
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Yahoo! Real Estate Partners With Zillow
Yahoo! Inc. (NASDAQ:YHOO) has partnered with Zillow.com to become the largest real estate network on the web. Now Zillow sells local ads for both web sites. Zillow’s listings now also appear on Yahoo! Real Estate. Zillow reaches about 16 million monthly unique visitors. Real estate agents or brokers that are interested in advertising on Yahoo!/Zillow Real Estate Network can contact the Zillow’s sales team at: 866-324-4005.
Categories Yahoo!, Zillow
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Yahoo! Outsources Real Estate Section To Zillow
Yahoo! Inc. (NASDAY:YHOO) has outsourced their Real Estate section to Zillow.com. Zillow will also work out an advertising deal with Yahoo! This deal is similar to the ones made when Match.com was integrated into Yahoo! Personals and Pricegrabber was integrated into Yahoo! Shopping.
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Categories Yahoo! Real Estate, Zillow
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