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NASDAQ Welcomes Zillow to the NASDAQ Global Market(July 20, 2011)
NEW YORK, July 20, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) announced today that the trading of Zillow, Inc. (Nasdaq:Z), the leading real estate information marketplace, commenced on The NASDAQ Stock Market on July 20, 2011.
"Zillow is transforming the way people make home-related decisions and connect with real estate and mortgage professionals, both online and on location, with their wildly popular mobile apps," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. "NASDAQ is proud to have them listed on the NASDAQ Global Market, as they embody the innovation and progressive drive that is the foundation and mission of NASDAQ itself. This is a historic listing for NASDAQ as Zillow becomes the first single letter ticker on our exchange."
As one of the most highly anticipated information technology IPOs of the year, Zillow has adopted one of the few remaining single letter ticker symbols available to public companies and is listed under the ticker symbol Z.
Zillow® is a home and real estate marketplace dedicated to empowering consumers with information on homes, and connecting them with the best local professionals to help. It starts with Zillow's database of more than 100 million U.S. homes – including homes for sale, homes for rent and Zestimate® home values on the majority of homes in the country. In addition to its website Zillow.com®, Zillow, Inc operates the most popular platform of mobile real estate applications across iPhone, iPad, Android and Blackberry, and a consumer lending marketplace, Zillow Mortgage Marketplace. More than 22 million unique users visited Zillow's website and mobile applications in May 2011. The company is based in Seattle, Washington.
Since its inception, NASDAQ OMX has consistently been the exchange of choice for progressive and cutting-edge information technology companies like Zillow. Zillow joins the ranks of recently NASDAQ-listed technology company Yandex, which raised over $1.3 billion in proceeds on its first day of trading and was the largest information technology IPO since Google in 2004. Zillow also joins some of the world's largest and most reputable technology companies on The NASDAQ Stock Market, including Apple, Microsoft, Oracle, Google, Intel, Cisco, Ericsson, eBay, Baidu, Yahoo, Adobe and Dell.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/1081...) and Twitter (http://www.twitter.com/nasdaqomx).
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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