Zillow Confirms Satisfaction of Pricing Conditions for Automatic Initial Partial Release of IPO Lock-Up Agreements; Release Deferred Until Nov. 20

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Zillow, Inc.
Z
, confirmed today that the pricing conditions for automatic initial release of 25 percent of the securities subject to the lock-up agreements entered between its pre-IPO security holders and Citigroup Global Markets Inc., as representative of the underwriters of its IPO, have been satisfied. Because Zillow issued its earnings release for its third quarter of 2011 results on Nov. 2, 2011, the effective date of this partial release will be deferred until Nov. 20, 2011. Thereafter, the shares of common stock subject to the partial release will become available for resale subject to applicable restrictions under the federal securities laws, unless the effective date of the initial partial release is further deferred in accordance with the terms of the lock-up agreements. Zillow does not intend to issue another press release regarding the partial release.
Posted In: NewsIPOs
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