Trulia Wants to Raise up to $96M for Its IPO

The deal should hit the market within a couple weeks

   

Trulia filed an updated S-1 to set the terms of its upcoming IPO. The company plans to issue 6 million shares at $14 to $16 a piece.

The timing seems pretty good, especially as the real estate market is showing signs of improvement. Trulia is one of the top online providers of valuation information for the industry.

Also keep in mind that Zillow (NASDAQ:Z) has had a good ride since its IPO in July 2011. The stock has gone from $20 to $43.

The lead underwriters on the Trulia deal include JPMorgan Chase (NYSE:JPM) and Deutsche Bank (NYSE:DB). The company plans to issue its shares on the New York Stock Exchange under the symbol of TRLA.

Tom Taulli runs the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli. As of this writing, he did not own a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/ipo-playbook/trulia-wants-to-raise-as-much-as-96-million-for-its-ipo/.

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