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Online real estate service HouseValues announces IPO terms

November 17, 2004

HouseValues, a provider of an online service linking real estate agents to prospective buyers, released pricing terms for its upcoming IPO on Wednesday. A total of 6.25 million shares are to be sold, including 2.1 million by selling shareholders, within a proposed price range of $10 to $12. Assuming an IPO price at the midpoint of its range, HouseValues would have a market cap of $273 million. CS First Boston and JP Morgan are joint book runners on the deal. The company has filed to be traded on the NASDAQ under the ticker SOLD.