Investing

Trulia IPO Debuts at Premium

Trulia Inc. (NYSE: TRLA) has priced its initial public offering of 6 million common shares at $17.00 per share. The company is an online marketplace for homebuyers, sellers, renters and real estate professionals. This is a premium IPO as the $17.00 per share price is above the $14 to $16 expected price range.

Most of the shares are being sold by Trulia as it is offering 5,000,000 shares of common stock. Insiders and backers are selling an additional 1 million shares of common stock under the same terms.

The shares are expected to begin trading on the New York Stock Exchange Thursday under the symbol TRLA.

J.P. Morgan Securities and Deutsche Bank Securities Inc. are listed by Trulia as the joint book-running managers for this initial public offering. RBC Capital Markets, Needham & Company and William Blair & Company are listed as the co-managers for the IPO. Trulia has granted the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock offered by Trulia at the initial public offering price to cover overallotments.

UPDATE: Shares of Trulia jumped 34% after the opening bell to $22.80.

JON C. OGG

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.