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.

Zillow

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."

Its two closest competitors are privately held Trulia and Move, which has a public market capitalization of $355.5 million.

 

ARTICLE DISCUSSION

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET

Hot on CNET

Saving your life at speed and in style

Volvo have been responsible for some of the greatest advancements in car safety. We list off the top ways they've kept you safe today, even if you don't drive one.