Online real estate resource Zillow this week announced it has filed a registration statement relating to a proposed initial public offering of its common stock. Zillow has not yet announced the number of shares, although reports say the IPO aims to raise $51.7 million.
The registration statement relating to the IPO, according to a company press release, is not yet effective, although it has been filed. Shares may not be sold nor offers accepted prior to the effective date of the registration statement.
Citi will act as the sole book-running manager for the offering, the company said, with co-managers Allen & Company, Needham & Company, ThinkEquity and First Washington Corporation.
Zillow, which has a database of more than 100 million U.S. homes as well as Zestimate® home values and Rent Zestimates, is dedicated to helping homeowners, buyers, sellers, renters, real estate agents, mortgage professionals, landlords and property managers share information about real estate.
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Written by Elizabeth Ecker