Real-estate pricing site Zillow has just priced its IPO at $20 per share, giving it a valuation of up to $550 million.
The company raised more than $69 million from the sale, the New York Times reports
The pricing is a few bucks higher than anticipated — most recent guesses placed the price at $16 to $18, after early estimates of between $12 and $14.
The company lost $6.8 million on $30.5 million in revenue last year, but it’s experiencing fast growth — last quarter, it reported $11.3 million in revenue, more than double what it showed last year.
The stock starts trading tomorrow on the NASDAQ under the ticker symbol Z — sorry, Zynga.
Don’t miss: Here’s Every NYSE Stock With A Single-Letter Symbol.
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