Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Zillow files for $52 million IPO

By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney) -- Real estate site Zillow.com filed for a $51.75 million initial public offering Monday.

The Seattle-based company didn't say in its Form S-1 filing how many shares it planned to sell, nor how it would price each share. However, it did say that Technology Crossover Ventures and PAR Investment Partners agreed to buy a total of $5.5 million of common stock directly from Zillow.

Zillow, founded in 2004, provides a database of more than 100 million U.S. homes for sale or rent, as well as homes not currently on the market.

In March, the site and mobile app together attracted 19.4 million unique users -- a year-over-year gain of more than 90%.

Zillow's revenue has grown significantly over the past three years, according to the Securities and Exchange Commission filing. In 2010, Zillow's revenue jumped 74% to $30.5 million.

But the company has also booked net losses during that time, though those losses have been steadily narrowing. Zillow only lost $6.8 million last year, compared with $12.9 million in 2009 and $21.1 million in 2008.

Zillow's IPO filing comes as the public offering market is starting to heat up. LinkedIn filed for an IPO in January and Demand Media went public the same month, while Pandora filed in February.

On Friday, Chinese social networking site Renren also filed for an IPO on the U.S. market. To top of page

Index Last Change % Change
Dow 18,481.48 -65.82 -0.35%
Nasdaq 5,217.70 -42.38 -0.81%
S&P 500 2,175.44 -11.46 -0.52%
Treasuries 1.56 0.01 0.39%
Data as of 4:02am ET
Company Price Change % Change
Bank of America Corp... 15.40 0.05 0.33%
Chesapeake Energy Co... 6.26 -0.20 -3.10%
Freeport-McMoRan Inc... 11.08 -0.90 -7.51%
Micron Technology In... 15.51 -0.67 -4.14%
Cisco Systems Inc 31.06 0.08 0.26%
Data as of Aug 24
Sponsors

Sections

The U.K. is preparing to split from the European Union, which means about $1.3 trillion in trading relationships will have to be reset. More

Facebook CEO Mark Zuckerberg is going to Rome to hold a live Q&A Monday, following this week's large earthquake. More

Just 15 states are paying enough into their public pension funds to both pay promised benefits to retirees and pay down pension debt. More