Zillow Prices 5.023M Share Offering at $82/Share
Zillow, Inc. (NASDAQ: Z), the leading real estate and home-related information marketplace, announced the pricing of an underwritten public offering of 5,023,486 shares of Zillow's Class A common stock at a price of $82.00 per share. A total of 2,500,000 shares are being offered by Zillow, and a total of 2,523,486 shares are being offered by certain existing shareholders identified in the prospectus supplement related to the offering. In addition, the underwriters have an option to purchase up to an additional 753,522 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, Canaccord Genuity, Pacific Crest Securities, and JMP Securities are co-managers for the offering.