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real estate

Zillow Launches on NASDAQ

Zillow Inc. , the company that provides online listings of homes for sale, had a strong debut on the NASDAQ stock market on July 20.

Trading under the symbol Z, Zillow set an opening price of $20 for its stock. Shares rose to a high of $60 during the day and settled at $35.77.

Zillow is a real estate database founded in 2005 by Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off, Expedia . The site has a feature called the "Zestimate," which buyers and sellers can use to appraise property values based on undisclosed factors.

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