Fenwick & West represented the underwriters in the initial public offering for Zillow, Inc. (Nasdaq: Z).
The offering raised approximately $79,626,000 for Zillow and selling stockholders, which together sold 3,981,300 shares of its common stock, including the shares subject to the underwriters' overallotment option, at a public offering price of $20.00 per share. Concurrent with the completion of the initial public offering, Zillow completed a private placement of 274,999 shares of its Class A common stock at $20.00 per share to certain existing investors in Zillow.
Citigroup Global Markets Inc. acted as the sole book-running manager for Zillow’s initial public offering. Allen & Company LLC acted as the senior co-manager and Pacific Crest Securities LLC, ThinkEquity LLC, and First Washington Corporation acted as co-managers.
Seattle-based Zillow, Inc. is a real estate information marketplace providing vital information about homes, real estate listings and mortgages through its website and mobile applications. Zillow, Inc. operates Zillow.com, Zillow Mortgage Marketplace and Zillow Mobile.
Horace Nash, co-chair of the firm’s Securities Group led the Fenwick team, which included partner Alan Smith and associates James Evans, Larissa Schwartz, and Matthew Karwoski.
Fenwick & West is one of the most active firms in the country in representing technology and life sciences companies and has significant depth of experience in public offerings, corporate governance, and other securities matters. We represent many top-tier investment banking firms in IPOs and follow-ons, and have been ranked as one of the top IPO issuers’ counsel in the United States, with top 10 rankings in multiple years. In recent years, the firm has handled over 150 initial public offerings, raising over $10 billion.