120 posts and columns on initial public offering
Analysts were expecting real estate marketplace Trulia to set its IPO price somewhere in the $14 to $16 neighborhood, but the market must have looked favorable, because TRLA will debut at $17 on the NYSE tomorrow. The six-million-share offering (one million of that from existing investors) will bring in $102 million. In going public, Trulia follows sector leader Zillow, which hit the market last year at $20 and closed Wednesday at $45.55.
Image licensing agency Shutterstock has filed plans for an initial public offering worth up to $115 million, intending to use the proceeds for capital expenditures, working capital and maybe a little shopping.