Zillow (Z) Underwriters Exercise Partial Overallotment Option
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Zillow, Inc. (Nasdaq: Z) announced that the underwriters of its recently completed underwritten public offering of Class A common stock have partially exercised their option to purchase additional shares of Class A common stock from Zillow. The underwriters will purchase 419,818 shares from Zillow at $43.00 per share, less the underwriting discount. The sale of the additional shares is expected to close on September 24, 2012, subject to customary closing conditions.
The aggregate net proceeds to Zillow from the offering, including proceeds already received as well as proceeds to be received from the sale of the additional shares, are estimated to be approximately $156.7 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by Zillow.
Citigroup served as the lead bookrunning manager and representative of the underwriters for the offering. Goldman, Sachs & Co. served as a joint bookrunning manager. Allen & Company LLC, Pacific Crest Securities, ThinkEquity LLC and Canaccord Genuity were co-managers for the offering.
The aggregate net proceeds to Zillow from the offering, including proceeds already received as well as proceeds to be received from the sale of the additional shares, are estimated to be approximately $156.7 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by Zillow.
Citigroup served as the lead bookrunning manager and representative of the underwriters for the offering. Goldman, Sachs & Co. served as a joint bookrunning manager. Allen & Company LLC, Pacific Crest Securities, ThinkEquity LLC and Canaccord Genuity were co-managers for the offering.
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