Zillow Ipo Shares Dropping Like A Rock

Well, that was fast. After opening at a sky-high $60 a share in its IPO today, 200 percent above where it was priced, the market is bringing Zillow back down to reality. The shares are already 45 percent off that first trade, dropping down to around $33 in midday trading. Most investors never paid that $60.

Topics:  zillow   ipo   dropping   opening   percent   priced   trade   
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