Trulia, Inc. (TRLA) said Monday that it has commenced a roadshow to market its common stock in advance of its proposed public offering.
Trulia and certain of its shareholders are proposing to sell an aggregate of 5.25 million 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.
Trulia alos said 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.
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