Yesterday's initial public offering of HouseValues stock provided further evidence that investors have lost their post-crash skittishness about Internet-based IPOs. Bellevue-based HouseValues, along with...

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Yesterday’s initial public offering of HouseValues stock provided further evidence that investors have lost their post-crash skittishness about Internet-based IPOs.

Bellevue-based HouseValues, along with several of its investors and executives, sold 6.25 million shares at $15 apiece yesterday — the high end of its estimated price range, which itself had been raised earlier this week.

Originally, HouseValues had said it expected the shares to sell for $10 to $12 apiece.

The shares began Nasdaq trading at $18.01, the sort of opening-day pop that hasn’t been seen much in recent years. But the shares gave back most of that gain, closing the day at $15.74.

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Still, the IPO has to be counted a success for pre-IPO investors and employees of HouseValues, which uses the Internet to connect real-estate agents with home buyers and sellers.

HouseValues, which sold 4,166,667 new shares in the IPO, grossed about $62.5 million from the deal; the selling shareholders grossed about $31.25 million.

It’s the biggest IPO by a Washington-based company since ZymoGenetics went public in January 2002.

HouseValues is the fourth local Internet company to go public this year — the most since 2000.

The other three companies — Marchex and Blue Nile of Seattle and Celebrate Express of Kirkland — are all trading above their IPO price; the latter two, like HouseValues, sold above their initial price range.

Drew DeSilver: 206-464-3145 or ddesilver@seattletimes.com