There is a new entry among the hottest stocks of the summer on the stock exchange lists. It's about Zillow, and it's a site dedicated to real estate listings in the United States. After the debuts of Linkedin and Pandora, the Nasdaq is enriched by another name. This small company, founded in 2004, is based in Seattle and today, just an hour and a half after the opening of the Stock Exchange, it conquered the stock market, recording a 120% increase to 44 dollars.
The revenues come from advertising on the site, which has grown despite the real estate crisis. The turnover of the activity has gone from 10,6 million, recorded in 2008 at the height of the real estate speculative bubble, to 30,5 in 2010. Profits are still not visible, even if losses are declining and have reduced from 21 million in 2008 to 6,8 last year.
