He’s back… Maybe Spencer Rascoff did so well the first time that Nasdaq just had to have him back.
The Zillow CEO is on tap to ring the closing bell on Nasdaq Thursday afternoon, the second time that he’s been asked to go on financial stage on Times Square in the past seven months. The first time, of course, was back in July when the online real estate company went public under the ticker symbol Z. That time, Rascoff and members of the Zillow team, rang the opening bell.
Well, Rascoff is in New York for the big Inman real estate conference. We’re told that there’s no big Zillow announcement tied to the bell ringing, and Rascoff plans to close the trading session along with some of the company’s real estate partners.
He seems to be having fun soaking it all in, posting on Twitter Wednesday night that he had a great time hanging out with Zillow partners at a Nasdaq party.
Nasdaq certainly would like to celebrate companies like Zillow. It surprised some with its strong debut when it priced at $20 per share, becoming one of the top technology and real estate performers of last year.
In fact, Zillow has seen another spike in its stock this week, up 16 percent in the past five days. With Rascoff hanging around Wall Street, the stock rose five percent on Wednesday to close at $26.25.
Rascoff certainly is in an “Empire State of Mind.”