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Zillow worth $350 million?

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Zillow will be valued at more than $300 million after it goes public if the company is able to sell its shares for $12 to $14 each as planned, according to its latest filing with the Securities and Exchange Commission.Zillow could raise about $45 million in its initial public offering of 3.46 million shares if they sell at the midpoint of that range.The company would have about 27 million shares outstanding after the IPO and a simultaneous private placement, which would value the company at $350 million if those shares were worth $13 each.Zillow's S-1 registration statement and five subsequent amended filings have shed considerable light on the company's business model and plans.The filings show that since its inception in December 2004 the company has run up a cumulative deficit of $79.5 million through March 31.But Zillow looks to be headed toward profitability, having trimmed net losses from $21.2 million in 2008 to $12.8 million in 2009 and $6.8 million in 2010.During the first thr...