Zillow IPO, any takers? thoughts on the $1bil valuation?
from WSJ: "Zillow Inc. surged its first day of trading as the real-estate website limited the number of shares being sold despite high demand, giving the unprofitable Internet company a valuation of more than $1 billion. Zillow's tiny 3.5-million-share deal opened at $60 on Nasdaq, triple its $20 IPO price. The stock quickly shed some of its early gains, and continued to edge lower as the hours ticked by; it was changing hands recently at $38.84, up 94%. Zillow is the latest in a string of hot consumer Internet companies this year that has kept a tight lid on the number of shares it floats in its IPO, a strategy that results in outsized demand for a limited supply. (http://online.wsj.com/article/SB10001424053111903…)
Sounds like they really struck when the iron was hot.
So are they overvalued? anyone jump on the IPO?
It's an interesting/useful website. Will be curious to see how it monetizes.
I just think that this is a joke. Zillow has absolutely no real value.
It is overvalued without a doubt. The offering was so small, but the institutional guys that wanted a piece of the pie, did not get as big of a piece as they wanted due to it being such a small offering...the market will correct the valuation..Zillow is not a Billion dollar company with their ~11M (or whatever it was) Q1 revenue numbers.
Interesting IPO to say the least
Voluptatum ab voluptatem expedita et dignissimos sunt voluptatem. Nulla dolore quasi est. Quos odit numquam beatae suscipit.
Nam eos occaecati cupiditate vero. Quia molestiae explicabo quo quaerat dolorem.
Totam autem explicabo sapiente eum. Aperiam sed facilis repudiandae reprehenderit et. Quos id aut temporibus eum rerum doloremque. Incidunt maiores qui dolorum dolor exercitationem iusto ut. Molestias corrupti sit et quidem porro repudiandae. Inventore pariatur temporibus sed minima aut provident id qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...