NEW YORK (AP) — Real estate listing and information service Zillow Inc. will sell shares for $20 apiece in its initial public offering Wednesday.
That’s $2 higher than the top of the range it predicted on Friday.
The Seattle-based company says in a Securities and Exchange Commission filing that it will sell roughly 3.5 million shares. That means it aims to raise just over $69.2 million through the sale of common stock. It also plans a private placement of about 275,000 common shares, which would raise about $5.5 million more.
