Zillow's valuation nears $400 million after pricing IPO
The online real estate listings company has priced its IPO between $12 and $14 a share.
Zillow will be worth close to $400 million once it goes public, according to documents filed with the SEC today.
The Seattle-based company, which aggregates real estate listings online, has priced its IPO between $12 and $14 a share. Once the sale is complete, it will have 27,058,139 outstanding shares. At $14 a share, the company will be worth $378.8 million.
The company plans to raise up to $55.7 million, not including over allotments, if any. In conjunction with the offering, it expects to secure an additional $5.5 million from Technology Crossover Ventures, which will buy shares at the same price as the IPO.
Zillow expects to trade on the Nasdaq under the symbol "Z."