GO
Loading...

Trulia Files $75 Million IPO

Chris Ciaccia|Technology Reporter
Friday, 17 Aug 2012 | 9:58 AM ET
AP

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

Additional News: Zillow Profit Slides Amid Acquisition

Additional Views: Jim Cramer on How to Play IPOs

______________________________

CNBC Data Pages:

______________________________
Disclosures:

TheStreet’s editorial policy prohibits staff editors, reporters, and analysts from holding positions in any individual stocks.

Disclaimer

Featured