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.
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