Key Developments: Trulia Inc (TRLA.N)
31.48USD
17 May 2013
$-0.18 (-0.57%)
$31.66
$31.45
$31.60
$30.98
113,615
131,197
$37.91
$14.75
Latest Key Developments (Source: Significant Developments)
Trulia Inc Issues Q2 2013 Guidance Above Analysts' Estimates
Trulia Inc announced that for second quarter of 2013, it expects revenue to be in the range of $27.3 to $27.7 million and adjusted EBITDA to be in the range of $2.5 to $2.9 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $24 million and EBITDA of $2.25 for second quarter of 2013. Full Article
Trulia Inc Announces Exercise Of Option To Purchase Additional Shares In Follow-On Offering
Trulia Inc announced that the underwriters of previously announced follow-on offering have exercised in full their option to purchase an aggregate of 931,606 additional shares of Trulia's common stock, 525,000 of which will be purchased from Trulia and 406,606 of which will be purchased from certain selling stockholders, at the public offering price of $29.75, less underwriting discounts and commissions. The closing of the option exercise is expected to occur on March 26, 2013. Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital Markets are serving as joint book-running managers for the offering. Needham & Company and William Blair are serving as co-managers. Full Article
Trulia Inc Announces Pricing of Follow-On Offering
Trulia Inc announced the pricing of its follow-on public offering of an aggregate of 6,210,705 shares of its common stock at a price to the public of $29.75 per share. Trulia is selling 3,500,000 shares of common stock and certain selling stockholders are selling 2,710,705 shares of common stock in the offering. In addition, Trulia and certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an aggregate of 931,606 additional shares of common stock at the public offering price, 525,000 of which would be offered by Trulia and 406,606 of which would be offered by certain selling stockholders. Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital Markets are serving as joint book-running managers for the offering. Needham & Company and William Blair are serving as co-managers. Full Article
Midwest Real Estate Data Partners With Trulia Inc In Shared Success Program
Trulia Inc announced partnership in its Shared Success Program with one of the largest multiple listing services (MLSs) in the country, Midwest Real Estate Data (MRED). Trulia`s Shared Success Program is designed to help MLSs accelerate their customers` success through premier training and exposure to the latest tools and trends in real estate marketing. Services such as mobile productivity tools and opportunities for agents to demonstrate specific areas of expertise will be featured in the program to help make agents more effective. Full Article
Trulia Inc Files Registration Statement For Proposed Follow-On Offering
Trulia Inc announced that it has filed a registration statement with the Securities and Exchange Commission (the SEC) for a proposed public offering of its common stock. Trulia is proposing to sell approximately $100 million of its shares, as well as any shares to be sold to the underwriters pursuant to their option to purchase additional shares. The remaining shares will be sold by existing stockholders. The net proceeds from the sale of shares by Trulia in the offering will be used for working capital and other general corporate purposes, and Trulia expects to use some or all of such net proceeds to acquire or invest in complementary businesses, products, services, technologies, or other assets. Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital Markets are serving as joint book-running managers for the offering. Needham & Company and William Blair are serving as co-managers. The offering will be made only by means of a prospectus. Full Article
Trulia Inc Issues Q1 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Trulia Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $20.8 to $21.2 million and Adjusted EBITDA is expected to be in the range of $0.8 to $1.2 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $19.2 million and EBITDA $0.8 million for the first quarter of 2013. Full Article
Trulia Inc Forms Exclusive Partnership With PRIMEDIA To Unlock Rentals Marketplace
Trulia Inc announced an agreement in which Apartment Guide`s collection of information and listings will be the exclusive multi-family inventory on Trulia. The companies have also agreed to join forces to form the Trulia-PRIMEDIA Network, with Trulia selling display advertising and other media products on behalf of PRIMEDIA. PRIMEDIA is committed to providing the apartment communities it serves with exposure to highly qualified renters across its own sites, as well as mobile, which now represents over 30% of the qualified leads it generates. Full Article
Trulia Inc Announces Pricing of Initial Public Offering
Trulia Inc announced the pricing of its initial public offering of 6,000,000 shares of its common stock at a price to the public of $17.00 per share. Trulia is offering 5,000,000 shares of common stock and certain selling stockholders are offering 1,000,000 shares of common stock. In addition, 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 over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on September 20, 2012 under the symbol “TRLA.” J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. RBC Capital Markets, LLC, Needham & Company, LLC and William Blair & Company, L.L.C. are acting as co-managers. Full Article
Trulia Inc Files For $75 Million Initial Public Offering-AP
The Associated Press reported that Trulia Inc on August 17, 2012 filed for an Initial Public Offering (IPO) that could raise up to $75 million. In its filing with the Securities and Exchange Commission, the Company did not say how many shares it planned to sell or what they would be priced at. The $75 million figure is an estimate used to determine the filing fee and could change. Trulia Inc said it plans to apply for listing on the New York Stock Exchange under the ticker TRLA. JP Morgan, RBC Capital Markets, Needham & Co., Deutsche Bank Securities and William Blair are offering's underwriters. The Company said it plans to use the proceeds from the offering for working capital and general corporate purposes, along with the possible acquisitions of other businesses. Full Article
BRIEF-Trulia shares up 17 percent in premarket trading
NEW YORK, May 1 - Trulia Inc : * Shares up 17 percent in premarket trading
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