All concerns about the housing market being in the doldrums were set aside yesterday, as investors scrambled to grab a piece of the hugely successful Zillow real estate website yesterday, as the company’s value skyrocketed to more than $1.6 billion. Zillow, which has yet to turn over a profit in its seven years of
Zillow Tests Waters For Smaller Dot-Com Companies
July 19, 2011 by
Zillow Inc.’s initial public offering is due to price today, and while important news for Zillow, many smaller dot-com companies will be watching anxiously to see how much interest is raised. Estimates put the value of as Zillow, which had first-quarter revenue of $11.3 million, at around $460 million. In comparison other recently floated companies
