Trulia, Inc. (NYSE: TRLA), a leading online marketplace for homebuyers, sellers, renters and real estate professionals, announced today that it has commenced a roadshow to market its common stock in advance of its proposed public offering. Trulia and certain of its stockholders are proposing to sell an aggregate of 5,250,000 shares, as well as up to an aggregate of 787,500 shares that may be sold to the underwriters pursuant to their 30-day option to purchase additional shares.
Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital Markets are serving as joint book-running managers for the follow-on offering. Needham & Company and William Blair are serving as co-managers. The follow-on offering will be made only by means of a prospectus.
When available, copies of the preliminary prospectus relating to the follow-on offering may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Phone: (800) 503-4611, e-mail: email@example.com; J.P. Morgan Securities LLC., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Phone: (866) 803-9204; or RBC Capital Markets, LLC, Attention: Equity Syndicate, Three World Financial Center, 200 Vesey Street, New York, NY 10281, Phone: (877) 822-4089.
In addition, Trulia announced that J.P. Morgan Securities and Deutsche Bank Securities, which were the joint book-running managers for the company’s initial public offering in September 2012, are releasing a lockup restriction with respect to certain shares of Trulia’s common stock held by certain officers and directors of the company. The release will take effect concurrently with the follow-on offering, and the shares may be sold only in connection with such offering.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.