Monday, March 11, 2013

Trulia eyes M&A with $150M in follow-on offering

Real estate search engine company Trulia filed for a follow-on stock offering Monday that could raise more than $150 million.The San Francisco-based company (NYSE:TRLA) led by Pete Flint could be planning some acquisitions, saying it plans to use “some or all of such net proceeds to acquire or invest in complementary businesses, products, services, technologies, or other assets.”Palo Alto-based Accel Partners and Menlo Park-based Sequoia Capital are two of Trulia's biggest shareholders. Accel…

Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]

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