Zillow was back on Wall Street today, ringing the closing bell on the Nasdaq stock exchange. (By my count, this is the third time that the Seattle online real estate company has opened or closed trading).
But did Zillow CEO Spencer Rascoff — the last entrepreneur in the Seattle area to guide his company to an IPO — have the magical touch today?
Not quite. Shares of Zillow, which have surged 21 percent in the past month, fell two percent to $32.49 on Wednesday. The company’s stock is down from highs in the mid-forties in October, but it still boasts a market value of $1.09 billion.
Rascoff and other members of the Zillow team are in New York City for the big Real Estate Connect conference.
