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.


Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik