News Byte

Trulia Aims High, Prices IPO at $17 a Share

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.

News Byte

Shutterstock Shoots for an IPO

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.

News Byte

Facebook Gives Nasdaq the Rose, Will Trade as FB

Sources are telling CNBC and the New York Times that Nasdaq has won the prestigious hand of Facebook for the social giant’s approaching IPO, leaving the NYSE to chalk up a miss in its efforts to attract a hipper crowd of companies. Facebook will trade under the simple but elegant symbol FB.

News Byte

Bright Start for Brightcove

Shares of Brightcove, provider of cloud-based video publishing services, were welcomed onto the market in their first day of trading today. The company priced 5 million shares at $11, and the stock finished the day at $14.30, up 30 percent.