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April 18, 2011 10:11 pm GMT
As expected, real estate listings and search site Zillow has just filed its S-1, which indicates that the company will be pursuing a public offering. Zillow wants to raise $51.75 million in the offering, according to the SEC filing. It's important to note that this is a placeholder amount that could change in the coming months. It appears that Citigroup is one of the underwriters of the IPO (others include Allen & Company, ThinkEquity, Needham & Company, and First Washington Corp.).Zillow, which saw 19 million visitors in March, is now listing 100 million U.S. homes, including homes for sale, homes for rent and homes not currently on the market. For the years ended December 31, 2008, 2009 and 2010, the company generated revenues of $10.6 million, $17.5 million and $30.5 million, representing year-over-year growth of 49%, 65% and 74%, respectively. Unfortunately, in terms of income, Zillow has been taking a loss for the past three years, according to the filing. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jwkIxKpKEME/
Real Estate Listings Site Zillow Files For $51.75 Million IPO
As expected, real estate listings and search site Zillow has just filed its S-1, which indicates that the company will be pursuing a public offering. Zillow wants to raise $51.75 million in the offering, according to the SEC filing. It's important to note that this is a placeholder amount that could change in the coming months. It appears that Citigroup is one of the underwriters of the IPO (others include Allen & Company, ThinkEquity, Needham & Company, and First Washington Corp.).Zillow, which saw 19 million visitors in March, is now listing 100 million U.S. homes, including homes for sale, homes for rent and homes not currently on the market. For the years ended December 31, 2008, 2009 and 2010, the company generated revenues of $10.6 million, $17.5 million and $30.5 million, representing year-over-year growth of 49%, 65% and 74%, respectively. Unfortunately, in terms of income, Zillow has been taking a loss for the past three years, according to the filing. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jwkIxKpKEME/
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