Zillow.com, the popular online real estate database, went public on Wednesday, pricing itself at $20 a share. After opening at a sky-high $60, a 200 percent jump, Zillow dropped to as low as $32.50 before treading in the $35-$40 range.
At its peak, Zillow.com was valued at $1.6 billion—not bad for a company barely turning a profit.
Zillow’s $70 million float follows HomeAway.com’s, which raised $216 million in June.
