Monday, March 4, 2013

Trulia Files For Follow On Offering

San Francisco-based real estate site Trulia has filed for a follow on offering saying it is looking to raised up to $100M in another common stock offering for the company. The firm--which is currenlty listed as TRLA on the New York Stock Exchange--said it will not receive any of the proceeds of the sale of the shares of the firm's stock, which looks to be aimed at providing additional liquidity to the firm's venture backers. The new offering is being underwritten by Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets, Needham & Company, and William Blair. Trulia had its IPO in September of 2012, debuting at $17.00 per share; the firm is now trading around $28.00 per share.