zillow.com chief operating officer Spencer Rascoff has revealed hopes for an initial public offering in 2011.
“We’re not a 2010 IPO candidate, but hopefully we’re a 2011 IPO candidate,” Rascoff told Bloomberg in a recent interview.
Rascoff told Bloomberg zillow.com is planning a series of presentations to persuade investors it should be priced like other web market leaders. Doutbless zillow.com’s move to the number two position amongst US real estate websites, along with its strong 2009 results, will be part of its case.
While Rascoff reportedly named Goldman Sachs Group Inc.’s upcoming Internet conference in San Francisco as the first stop on its investor tour, zillow.com vice president of communications Amy Bohutinksy seems to have a different take on the matter, telling techflash.com:
“There's not a formal plan, or a marching down the path to a date. The focus is on profitability and having a great 2010.”
Bohutinksy did tell techflash.com that revenues were up 65 percent last year over 2008 totals, but didn’t name an exact figure.
salon.com’s Om Malik puts a different spin on the situation, arguing the IPO declarations are a “stalking horse” for an acquisition and naming Google as a possible buyer.