Trulia Files $75 Million IPO
The online real estate market is about to get a little more crowded, as Trulia has filed to go public in hopes of raising as much as $75 million.
Trulia, which competes in the online real estate space alongside Zillow, intends to list on the New York Stock Exchange under ticker “TRLA,” according to the company’s S-1 filing.
“From 2007 to 2011, our revenue grew from $1.7 million to $38.5 million, which represents a compounded annual growth rate of approximately 119 percent,” the company noted in its filing.
For the six months ending June 30, 2012, Trulia recorded $28.99 million in revenue, up from $16.25 million in the year-ago period. The company had a net loss of $6.155 million in 2011, up from $3.84 in 2012.
JPMorgan Chase and Deutsche Bank are the lead underwriters on the deal.
—By TheStreet.com’s Chris Ciaccia
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