Trulia Shares Surge as Much as 43 Percent in IPO

If only the housing market were doing so well: Trulia shares climbed as much as 43 percent to $24.24 a share today in its public market debut. The San Francisco online real estate listings company priced shares at $17 apiece last night, up from its original expectations of $14 to $16 each. The company sold six million shares and raised roughly $85 million for the business, excluding proceeds from stockholder sales.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald