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ZipRealty to go IPO

May 21, 2004

Company files registration statement with SEC


Inman News

ZipRealty, a technology-oriented real estate brokerage in Emeryville, Calif., announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. All of the shares will be issued and sold by the company.

The IPO could raise as much as $69 million.

UBS Securities and Deutsche Bank Securities will serve as the joint book-running managers. Thomas Weisel Partners and Pacific Growth Equities will serve as co-managing underwriters for the proposed offering

A copy of the prospectus relating to these securities may be obtained, when available, from UBS Securities or Deutsche Bank Securities, both in New York City.

ZipRealty is a full-service residential real estate brokerage firm that uses the Internet, proprietary technology and efficient business processes in its business. The brokerage has operations in Atlanta, Baltimore/Washington D.C., Boston, Chicago, Dallas, Los Angeles, Orange County, Phoenix/Scottsdale, Sacramento, San Diego, the San Francisco Bay Area and Seattle.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Copyright: Inman News Features



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