Trulia prices IPO of 6 million shares at $17 each

[September 20, 2012]  SAN FRANCISCO (AP) -- Real estate website operator Trulia Inc. has priced its planned initial public stock offering at $17 a share.

The company and its shareholders plan to sell 6 million shares. At $17 apiece, the offering would raise $102 million.

Trulia itself aims to sell 5 million shares, and wouldn't receive proceeds from stockholders' sales of the remaining 1 million shares. The banks managing the IPO may buy another 900,000 shares if demand is high.

Trulia, which operates website Trulia.com and mobile apps, allows people to research home listings and neighborhoods, while helping real estate agents market their listings. Its database includes 4.5 million homes for sale and rent.

[Associated Press]

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