Even with the company failing to ever make a profit, Zillow Inc., the internet real estate company, has commanded an impressive initial public offering. The shares were estimated to go for about $20, but soared upward last Wednesday, August 10th, 2011.
News Factor had this to say about it:
The shares rose as high as $60 before settling back to close at to $35.77, valuing the Seattle-based company at about $950 million.
Let’s give a hand to Zillow, and may they provide value to the swelling demand for online real estate information…
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