Market Overview

Zillow Prices Public Offering of Class A Common Stock

Zillow (NASDAQ: Z) announced the pricing of an underwritten public offering of 4,000,000 shares of its Class A common stock at a price of $43.00 per share. A total of 3,425,000 shares are being offered by Zillow, and a total of 575,000 shares are being offered by Richard N. Barton, Lloyd D. Frink, The Frink Descendants' Trust and the Blachford-Mohit Family Trust. In addition, the underwriters have an option to purchase up to an additional 600,000 shares from Zillow. Zillow will not receive any of the proceeds from the sale of shares by the selling shareholders.

Citigroup is serving as the lead bookrunning manager and representative of the underwriters for the offering. Goldman, Sachs & Co. is serving as a joint bookrunning manager. Allen & Company LLC, Pacific Crest Securities, ThinkEquity LLC and Canaccord Genuity are co-managers for the offering.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Zillow, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to

See full press release

Posted-In: News Guidance M&A Global

 

Related Articles (Z)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters