Beijing time on August 18th, the SEC IPO application documents submitted to the U.S. real estate information website Trulia on Friday, the company plans to raise $75 million, underwriter JP Morgan, Deutsche Bank and RBC Capital, plans to landing the NYSE under the ticker TRLA, the issue price range yet to be announced.
Trulia was founded in 2005, has been through venture capital financing of approximately $33 million, including Fayez (Sequoia Capital), Accel Partners and Sarofirm.
Trulia offers both free and paid products. It makes the real estate experts have a platform to contact customers, and can help customers better online transactions. In the first half of June 30, 2012, Trulia said it had 22 million monthly visits. As of June 30, 2012, Trulia has more than 360 thousand active in its market of real estate experts, of which the 21544 paid users.
according to the prospectus disclosure, Trulia in 2010 and 2011 years of the company’s revenue increased 91.38% and 94.68% for 19 million 785 thousand and $38 million 518 thousand, a net loss of $6 million 155 thousand and 3 million 838 thousand respectively; the first half of 2012 the company’s revenue rose 78.4% to $28 million 987 thousand, a net loss of $7 million 640 thousand
Trulia’s biggest rival Zillow in 2011 July IPO day, IPO shares soaring 200%, the current market value of about $1 billion Zillow. Insiders pointed out that, although the current revenue Zillow more, but Trulia growth momentum is more fierce.