Trulia Files for $100 Million Stock Issue

Trulia plans to float a $100 million issue of common stock. This will take the form of a public offering, and it will include "any shares to be sold to the underwriters pursuant to their option to purchase additional shares."

The company said it will use the proceeds for working capital and other corporate purposes. It hinted at potential buyout activity, saying that it "expects to use some or all of such net proceeds to acquire or invest in complementary businesses, products, services, technologies, or other assets."

The book runners on the offering are units of Deutsche Bank, JPMorgan Chase, and Royal Bank of Canada.

The article Trulia Files for $100 Million Stock Issue originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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