Monday, March 11, 2013

Trulia Launches Follow-On Offering

San Francisco-based Trulia announced this morning that it has launched its follow on offering of 5.25 million shares of its common stock. The offering, which is being run by Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital, along with Needham & Company and William Blair, is expected to raised around $164.3M for the company. According to the latest filings from the real estate website operator, the offering will come from its existing shareholders, including a couple of its executives, plus backers Accel Partners and Fayez Sarofim Investments. Trulia trades as TRLA on the New York Stock Exchange, and was trading around $30.44 per share as of Friday.