Trulia Files $75 Million IPO
NEW YORK (TheStreet) -- 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 (Z), 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%," 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 (JPM) and Deutsche Bank (DB) are the lead underwriters on the deal.
Interested in more on Zillow? See TheStreet Ratings' report card for this stock. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_BullSelect the service that is right for you!
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