Online real-estate company Zillow has updated its SEC papers for a planned IPO, saying it expects shares to have an initial price of between $12 and $14. That could bring the company about $55.7 million and put its value close to $380 million, not including options for underwriters to cover over-allotments. The top end of the price range values Zillow at more than 10 times its nearly $30.5 million in revenues for 2010, although 2011 first-quarter revenues more than doubled to about $11 million compared with a year earlier.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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