Podcasts & RSS Feeds

All ContentRSS
View all podcasts & RSS feeds

News & Music Contributors

Abe Beeson
Abe Beeson
Evening Jazz Host
Ruby Brown
Ruby Brown
Sunday Side Up Jazz Host
Ashley Gross
Ashley Gross
Business and Labor Reporter
Martha Kang
Martha Kang
Online Managing Editor
Kirsten Kendrick
Kirsten Kendrick
Morning Edition Host
John Kessler
John Kessler
All Blues Host
Kevin Kniestedt
Kevin Kniestedt
Weekend Edition Saturday and Jazz on the Grooveyard Host
Robin Lloyd
Robin Lloyd
Midday Jazz Host
Mary McCann
Mary McCann
Saturday Jazz Matinee Host
Dave Meyer
Dave Meyer
All Things Considered Host
Bellamy Pailthorp
Bellamy Pailthorp
Environment Reporter
Keith Seinfeld
Keith Seinfeld
Health & Science Reporter/Assistant News Director
Gabriel Spitzer
Gabriel Spitzer
Youth & Education Reporter
Dick Stein
Dick Stein
Midday Jazz Host
Paula Wissel
Paula Wissel
Law & Justice Reporter
Nick Morrison
Nick Morrison
Production Manager/ Jazz & Blues Host

1:40pm

Wed July 20, 2011
E-mail
Print
Comments
Share
Money Matters

Zillow stock soars, then falls, on first day of trading

By
Enlarge image
Credit Zillow, Inc.
"Z" is for Zillow! Zillow executives and employees in Times Square celebrating the first day of trading on the NASDAQ.

What goes up often comes back down. Seattle-based real estate website Zillow, Inc. set its IPO price at $20 a share yesterday. It was offered for sale on the NASDAQ Stock Market at $60 a share this morning, but quickly fell into the $40 range.

It hit a low point at $32.50. By the close of trading, it was selling for $35.80...a 79% increase over the IPO price. 

Zillow's debut is also noteworthy because it uses only the letter 'Z' as its stock symbol, making it the first company with a single letter ticker symbol on the NASDAQ.

Wonder why prices often skyrocket after an IPO? Check out our Money Matters conversation about IPO fever from last May.

 

Tags: 
Zillow
IPO
money matters
Related Content: