A Promising New IPO for the Watchlist

The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics around the investing world.

John and David are always searching for new companies to join the portfolio. So they were glad to see Trulia come public last week. Trulia is an online real estate platform. It maintains a database of homes for sale and for rent. And it also estimates the value of homes in their markets. The company had a nice pop on Day One, sparking commentators to proclaim the IPO market is back. Trulia faces plenty of competition from the likes of Zillow, Move, and zipRealty (NAS: ZIPR) . But as the real estate market continues to move online, there's probably room for everyone.

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The article A Promising New IPO for the Watchlist originally appeared on Fool.com.

David Meier has no positions in the stocks mentioned above. John Reeves owns shares of Google. The Motley Fool owns shares of Google and Zillow. Motley Fool newsletter services recommend Google and Zillow. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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