Pursuits
Zillow Follows StreetEasy Deal With Public Stock Offering
This article is for subscribers only.
Zillow Inc., operator of the largest U.S. real-estate website, announced a $412 million share sale on the heels of its plans to buy New York startup StreetEasy.
Zillow and certain shareholders are selling 5.02 million shares at $82 apiece, the Seattle-based company said after the close of trading yesterday, a 3.2 percent discount to the stock’s closing price. Earlier, Zillow said it’s buying StreetEasy, a residential real-estate site with about 1.2 million monthly unique users, for $50 million in cash.