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.


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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