Zillow Estimates $12-$14 Share Price
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.
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