Fenwick Represents Underwriters in Zillow Group’s $747.5 Million Concurrent Public Offerings of Stock and Convertible Notes

Fenwick & West represented the underwriters in the follow-on public offering for Zillow Group, Inc. (NASDAQ: Z)(NASDAQ: ZG), a portfolio owner and operator of the largest real estate and home-related brands on mobile and the web. Zillow Group’s concurrent public offerings consisted of both 5,701,754 shares of its Class C capital stock at a price to the public of $57 per share and $325 million aggregate principal amount of its 1.50% convertible senior notes due 2023. Underwriters exercised in full the option to purchase an additional 855,263 shares and an additional $48.75 million aggregate principle amount of Notes.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. acted as joint book-running managers for the shares offering and the notes offering. Canaccord Genuity LLC, JMP Securities LLC and Macquarie Capital (USA) Inc. acted as co-managers for the shares offering.

The Fenwick transaction team included Jamie Evans, Katherine Duncan, Julia Forbess, Shiva Hippely, Derrick Chapman and Annie Omata; and tax partner William Skinner.