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IPO Watch: Trulia Friday, August 17, 3:34 PM ET
Trulia, operator of the real estate website Trulia.com, on Friday filed for an initial public offering that could raise up to $75 million. The company's services allows people to research home listings and neighborhoods, as well as allow real estate agents to market their listings. The company's searchable database contains more than 110 million properties. Revenue is generated by sales of subscription products to professionals in the real estate business, as well as revenue from advertising. The company lost $6.2 million in 2011 on $38.5 million in revenue, versus a loss of $3.8 million and $19.8 million in revenue in 2010. The company plans to list on the New York Stock Exchange under the symbol "TRLA," with JP Morgan (NYSE:JPM), RBC Capital Markets (NYSE:RBC), Needham, Deutsche Bank (NYSE:DB) and William Blair acting as underwriters.
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