Demand for IPO Bumps Up Zillow’s Zestimate to $500 Million

Zillow is now hoping to raise up to $71 million in its IPO, according to an updated document filed with the Securities & Exchange Commission. The Seattle-based company, which aggregates real estate listings online, was previously trying to raise $57 million. At the current price levels, the company would be valued at nearly $500 million, up from $400 million previously.