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Published · transcript-backed

Speaker unverified: belief

14 Oct 2016 Acquired Zillow + Trulia (with Zillow Group CFO Kathleen Philips)

“The thing that I remember very well is that our revenue I think was something around 40 million, which the reason I note that is because when we look at our group of emerging businesses now, they’re larger than we were when we went public.”

— Speaker unverified

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Everything needed to verify it.

Speaker
Speaker unverified
Attribution
Not verified from this transcript
Claim type
belief
Recorded
14 Oct 2016
Publisher
Acquired

Transcript context

…So talks break down again for the second time, and in September of 2012, Trulia completes their IPO and continues executing as a public company for a while, as is Zillow at this point. And I believe during the first couple of years, I didn’t look up the exact number but I remember super well when Zillow went public, it was one of the first Seattle tech companies to go public in a long time. Zillow’s market cap I believe was right around $600-700 million at IPO. Yeah, I think that’s about right. It’s been a while. The thing that I remember very well is that our revenue I think was something around 40 million, which the reason I note that is because when we look at our group of emerging businesses now, they’re larger than we were when we went public. So, we’ve made a lot of progress in the last 5 years, it’s pretty terrific. Yeah. I mean, the growth was just incredible, and still is, but in those early years as a public company. And by this point, you know, after Trulia’s IPO and a couple years later, again, I don’t have the information in front of me, but your market cap was multiples higher of what it had been at the IPO, I believe.…

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