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Zillow (Z) -2.6% AH after announcing a 3.5M share stock offering - 3.175M newly-issued shares,...
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Wednesday, September 5, 2012, 4:49 PM ETZillow (Z) -2.6% AH after announcing a 3.5M share stock offering - 3.175M newly-issued shares, and 325K sold by insiders. The offering stands to increase the real estate site's share count by 11%, and would raise $134.6M at current levels. Zillow only says it will use the proceeds for "general corporate purposes," which may include acquisitions. (PR)
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