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September 20, 2012 05:44 pm GMT
Real estate listings and search site Trulia has just made its debut on the New York Stock Exchange under the symbol "TRLA." The company's stock opened at $22.10, up 30 percent from the company's pricing. This puts Trulia's valuation at around $580 million. Yesterday, Trulia priced its shares at $17 per share, above the expected range of $14 to $16 per share. Trulia raised $102 million in the offering.Trulia, which filed to go public in July, is seeing around 22 million monthly unique visitors, up from 5 million in June 2009. Paid subscribers its primary source of revenue, in addition to online ads have also grown significantly.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/h2MKK0AxEac/
Real Estate Site Trulia Sees Shares Pop 30 Percent On First Trade, Valued At Over $500 Million
Real estate listings and search site Trulia has just made its debut on the New York Stock Exchange under the symbol "TRLA." The company's stock opened at $22.10, up 30 percent from the company's pricing. This puts Trulia's valuation at around $580 million. Yesterday, Trulia priced its shares at $17 per share, above the expected range of $14 to $16 per share. Trulia raised $102 million in the offering.Trulia, which filed to go public in July, is seeing around 22 million monthly unique visitors, up from 5 million in June 2009. Paid subscribers its primary source of revenue, in addition to online ads have also grown significantly.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/h2MKK0AxEac/
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