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IPO Talk at zillow.com

January 14, 2010 by Alice Allan 

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zillow.com chief operating officer Spencer Rascoff has revealed hopes for an initial public offering in 2011.

“We’re not a 2010 IPO candidate, but hopefully we’re a 2011 IPO candidate,” Rascoff told Bloomberg in a recent interview.

Rascoff told Bloomberg zillow.com is planning a series of presentations to persuade investors it should be priced like other web market leaders. Doutbless zillow.com’s move to the number two position amongst US real estate websites, along with its strong 2009 results, will be part of its case.

While Rascoff reportedly named Goldman Sachs Group Inc.’s upcoming Internet conference in San Francisco as the first stop on its investor tour, zillow.com vice president of communications Amy Bohutinksy seems to have a different take on the matter, telling techflash.com:

“There’s not a formal plan, or a marching down the path to a date. The focus is on profitability and having a great 2010.”

Bohutinksy did tell techflash.com that revenues were up 65 percent last year over 2008 totals, but didn’t name an exact figure.

salon.com’s Om Malik puts a different spin on the situation, arguing the IPO declarations are a “stalking horse” for an acquisition and naming Google as a possible buyer.

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Comments

3 Responses to “IPO Talk at zillow.com”

  1. uberVU - social comments on January 14th, 2010 1:44 pm

    Social comments and analytics for this post…

    This post was mentioned on Twitter by PropertyAdGuru: PPW Blog Post: IPO Talk at zillow.com – zillow.com chief operating officer Spencer Rascoff has revealed hopes for a… http://ow.ly/16kM5j…

  2. Phil Evans on January 14th, 2010 6:59 pm

    Investors would have to be pretty gullible to buy into a company not making any profits. As an investor I would ask myself “why are they trying to sell equity to me instead of waiting until the company starts making a lot of money?”. They could not claim they are short of cash (as a VC backed company) and need money to build their infrastructure, so my only conclusion would be that they are not so optimistic about the future potential of the company. I personally wouldn’t buy, but there are many gullible investors out there who have forgotten about the dotcom crash.

  3. Tweets that mention IPO Talk at zillow.com | Property Portal Watch -- Topsy.com on January 15th, 2010 12:54 am

    [...] This post was mentioned on Twitter by PropertyPortalWatch, PropertyAdGuru, stbaker, stbaker, Simon Baker and others. Simon Baker said: PPW Blog Post: IPO Talk at zillow.com – zillow.com chief operating officer Spencer Rascoff has revealed hopes for a… http://ow.ly/16kM5i [...]

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