Zillow this week announced the opening of a new office in Lincoln, Nebraska and closed its acquisition of StreetEasy, two moves which show how the online real estate powerhouse continues to expand.
Meanwhile, the stock continues to soar, nearing $100 per share. Zillow priced its initial public offering at $20 per share in July 2011. The company now has a market value of $3.65 billion — more than double rival Trulia’s $1.36 billion.
Today, shares are up more than eight percent. They’ve hit as high as $97.29.
This comes after Zillow priced its last stock offering at $82 per share a little more than two weeks ago. In August alone, shares have risen more than 30 percent.
The new Nebraska office, which opens early next month, will serve as the HQ for 50 members of the team at Mortech, a mortgage software and services company that Zillow acquired in November 2012.
Zillow, which employs more than 685 people worldwide, also just closed its deal with Streeteasy after announcing the $50M deal with the New York-based real estate site earlier this month.