Zillow Is Said to Hire Citigroup to Manage Initial Share Sale

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Zillow Inc., an online real-estate information service, has hired Citigroup Inc. to manage its initial public offering, three people with knowledge of the company’s plans said.

The exact timing of an IPO filing from the Seattle-based company wasn’t provided by the people, who declined to be identified because the plans are private. Companies planning to sell shares to the public hire banks before filing a prospectus with the U.S. Securities and Exchange Commission.