Get ready for some more M&A activity in the real estate sector. This morning, the real estate search engine
Trulia announced that it is looking to raise up to?
$100.3 million?$150 million in a follow-on offering, with "some or all of such net proceeds to acquire or invest in complementary businesses, products, services, technologies, or other assets." Trulia
went public last year, and currently has 23.6 million monthly active users.
Update: today's follow-on filing is an amendment that includes the partial release of some shares owned by "certain officers and directors of the company" that were
previously locked up. A spokesperson says that it is for $150 million, with $100 million going to company reserves.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/wcSsEvdNi9w/
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