The Seattle based real estate information exchange site has filed for an initial public offering totaling $51.75 million. The registration to the Securities and Exchange Commission was filed in April, though no word was released on the amount of shares or even what exchange it will be traded on. Zillow intends to use the securities to expand it’s financial flexibility and market visibility.
The company’s site allows users to look at local market trends, evaluate home prices, and even find homes to rent. They also connect clients with lenders via the Zillow Mortgage Marketplace. With over 13 million users, the site has a prominent lead in the market and has a promising outlook.