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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald