Zillow files for $52 million IPO

By , staff reporterApril 18, 2011: 4:50 PM ET

NEW YORK (CNNMoney) -- Real estate site Zillow.com filed for a $51.75 million initial public offering Monday.

The Seattle-based company didn't say in its how many shares it planned to sell, nor how it would price each share. However, it did say that Technology Crossover Ventures and PAR Investment Partners agreed to buy a total of $5.5 million of common stock directly from Zillow.

Zillow, founded in 2004, provides a database of more than 100 million U.S. homes for sale or rent, as well as homes not currently on the market.

In March, the site and mobile app together attracted 19.4 million unique users -- a year-over-year gain of more than 90%.

Zillow's revenue has grown significantly over the past three years, according to the Securities and Exchange Commission filing. In 2010, Zillow's revenue jumped 74% to $30.5 million.

But the company has also booked net losses during that time, though those losses have been steadily narrowing. Zillow only lost $6.8 million last year, compared with $12.9 million in 2009 and $21.1 million in 2008.

Zillow's IPO filing comes as the public offering market is . filed for an IPO in Januaryand went public the same month, while filed in February.

On Friday, Chinese social networking site on the U.S. market. 

First Published: April 18, 2011: 3:53 PM ETRight Now

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Markets	Last	Change	% Change
	12,767.44	76.48	0.60%
	2,871.39	1.51	0.05%
	1,360.56	4.90	0.36%
	3.31	-0.06	-1.66%
	1.48	0.00	0.34%

Data as of 3:58pm ET

Company	Price	Change	% Change
	4.58	0.08	1.66%
	5.06	0.28	5.74%
	12.44	0.11	0.89%
	26.84	0.46	1.74%
	22.87	0.24	1.06%

Data as of 3:43pm ETSponsored by Sponsors function showHideAdBox(){ var targetDiv = document.getElementById('moneySponsorBox'); var containerDiv = document.getElementById('adContainer'); if (typeof targetDiv != 'undefined'){ var elementArray = containerDiv.getElementsByTagName('div'); for (var i=0; i< elementArray.length; i++){ elementArray[i].style.marginBottom = 15; } if (targetDiv.offsetHeight < 40) targetDiv.style.display = 'none'; else{ targetDiv.style.visibility = 'visible'; targetDiv.style.marginBottom = 15; } } } var randomnumberA=Math.floor(Math.random()*2); // fortune content if (location.pathname.match('fortune')) document.write(''); else // moneymag homepage if (location.pathname.match('moneymag')) document.write(''); else // cnnmoney content if (randomnumberA==0) document.write(''); else if (randomnumberA==1) document.write('');
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