Trulia, Inc. raised $117.3 million in its initial public offering at $17.00 per share. Needham acted as a co-manager on the transaction. The Company’s underwriters fully exercised their option to purchase an additional 900,000 shares of common stock at the follow-on offering price to cover over-allotments. The net proceeds from the sale of the shares will be used by Trulia, Inc. for working capital and other general corporate purposes–this includes acquisitions or investments in complementary businesses, products, services, technologies, or other assets.
Trulia, Inc. (NYSE: TRLA) is an online residential real estate site for home buyers, sellers, renters and real estate professionals. It lists properties for sale and rent as well as neighborhood information and community insights. The company is headquartered in downtown San Francisco and has offices in New York City and Denver, Colorado.