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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 - Get Report), 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.

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-- Written by Chris Ciaccia in New York

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