Zillow Group is filling its war chest. The Seattle-based listings colossus is looking to raise $650 million via concurrent offerings — $325 million in stock and $325 million in convertible bonds, the company said Wednesday in a regulatory filing. If the underwriters exercise their options to purchase an additional $48.75 million for each offering, the total raise could top $750 million. In a statement, Zillow said it would use proceeds for general corporate expenses and […]
source https://therealdeal.com/2018/06/28/zillow-looks-to-beef-up-war-chest-with-650m-offering/
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