Trulia Stock Surges More Than 40% in First Day of Trading

Trulia ended its first day of trading at $24.12 a share, an impressive gain of nearly 42% for the day.

The online real estate listings company made its trading debut on the New York Stock Exchange at $22.10 a share, an increase of 30% from the $17 IPO price set by the company the night before. Trulia had previously announced that it expected to price the IPO at $14 to $16 a share, but the company increased it at the last minute.

Trulia's stock went as high as $25.20 a day before dipping back down slightly to end the day. The companysold 6 million shares at $17 each, raising $102 million in its public offering.

Zillow, Trulia's chief competitor in the online real estate space,…
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