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Real Estate Search Engine Zillow To Raise Millions More In Follow-On Offering

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http://techcrunch.com – After debuting on the NASDAQ last year, real estate search engine Zillow is filing a follow-on offering, seeking to sell 3.175 million shares of the company’s Class A common stock. An additional 325,000 shares of its Class A common stock will be sold in the offering by shareholders. The company, whose shares closed at $42.43 today, saw record revenue in Q2 of $27.8 million, up 75 percent year over year. Zillow says it will use the proceeds from the sale for “general corporate purposes, which may include working capital, sales and marketing activities, general and administrative mat (IT news)