There are also some big-time IPOs, such as from LinkedIn (NYSE:LNKD), Pandora (NYSE:P), HomeAway (Nasdaq:AWAY) and Zillow (Nasdaq:Z).

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Despite all these issues, I think the most important one is that Zillow is a fairly small business, at least when compared to other recent IPOs like HomeAway (Nasdaq:AWAY), Pandora (NYSE:P) and LinkedIn (NYSE:LNKD).

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This year, IPOs like Pandora (NYSE:P), LinkedIn (NYSE:LNKD), HomeAway (Nasdaq:AWAY) and Zillow (Nasdaq:Z) got lots of buzz.

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But this is a small problem compared with the opportunities open to Magna at a time when even General Motors is moving away from integrated production toward being a mere assembler and marketer of cars (see p.36).

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