Zillow Reportedly Hires Banker to Manage IPO

Zillow, the Seattle-based service that attempts to estimate the value of homes and rentals in the U.S., has hired Citigroup to manage its IPO, reports Bloomberg, citing three sources. The company was reportedly valued at $400 million back in 2007 when it last raised capital. The timing of the IPO was unknown, but coincidentally, Trulia, one of its closest competitors, said in February that the company was ready for an IPO.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work