Thursday, July 21, 2011

Real estate site Zillow jumps on IPO - The Boston Globe

From the irrational exuberance zone

Investors set aside housing market doldrums and rushed to grab shares of real estate website Zillow yesterday, valuing the company at as much as $1.6 billion.

Zillow Inc., which has never made a profit, is yet another beneficiary of strong investor demand for the latest crop of Internet stocks.

Real estate site Zillow jumps on IPO - The Boston Globe

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