Trulia Files Paperwork Behind Closed Doors for IPO

Sorry, folks, there’s no open house today. Leveraging a new provision in the JOBS Act, Trulia, an online real estate listing service and Zillow competitor, has filed confidentially for a public offering, Reuters reports. The provision enables growth companies with less than $1 billion in revenue to keep their documents secret until 21 days before the start of the road show. A spokesperson from the San Francisco-based company declined to comment.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work