26 posts and columns on Trulia
News ByteTrulia 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.
News Byteexpecting 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 ByteTrulia, 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.