Trulia quietly files for IPO

Posted by on Jul 27, 2012 in Real estate

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The rumored 2012  Initial Public Offering  (IPO)  by real estate and rental listing giant Trulia.com has taken place, with no public fanfare, according to Reuters.

Trulia took advantage of  a 2012 U.S. law called Jumpstart Our Business Startups (JOBS) Act, which allows emerging-growth companies with less than $1 billion annual revenue to file confidentially for IPO, and to sidestep some other financial reporting tasks.

While Trulia has not disclosed publicly, others have reported its advertising revenue as well over $1 million annually. Trulia.com has more than 24 million unique monthly visitors, and 500,000 registered agents and brokers.

 

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Written by Jim Townsend

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