Zillow files for IPO

LOS ANGELES – Real estate listing and information service Zillow Inc. has filed documents with securities regulators for an initial public offering.

The paperwork filed Monday indicates Zillow will seek to raise around $51.8 million and plans to use the funds for general corporate purposes, including a possible acquisition.

Zillow did not immediately set a target price for the shares, nor did it say when the offering will take place.

Associated Press