Trulia Could Raise up to $100M in IPO

Friday, 07 Sep 2012 04:43 PM

The national real estate listing website trulia.com aims to raise up to $100 million in an initial public offering. The San Francisco based company had planned to raise $75 million, but revised its plans in a regulatory filing on Friday. Trulia plans to release six million shares at $14 to $16 a share.

Trulia with its main investors, Accel and Sequoia Capital offers a free listing as well as a subscription service and has up to 22 million monthly unique visitors. The stocks will be shared on the New York Stock Exchange with the ticker “TRLA”, according to the New York Times.