Trulia shares fell 8%, to $31.54, on Wednesday afternoon, giving it a market capitalization of $872 million. Market Leader was trading 1% higher, to $10.79, with its market cap near $292 million.JPMorgan Chase & Co.'s Mark Fiteny, Noah Wintroub, Marco Caggiano and Michael Millman along with Wilson Sonsini Goodrich & Rosati PC's Rezwan Pavri and Michael Ringler advised Trulia.
A Market Leader spokesman declined comment. Trulia did not return calls.
Written by Demitri Diakantonis in New York