House prices are up, and real estate websites are a hot item on public markets. Yet venture investors haven’t been too enthused with the real estate business in recent quarters.
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Pre IPO companies are taking advantage of the JOBS Act’s invitation to file confidentially with the Securities and Exchange Commission so I took a look at a pre-public S-1 and a public S-1 to see how the documents changed.
Trulia, the highly addictive property browsing website, wants to follow competitor Zillow onto the public markets early next year, according to sources familiar with the situation. It is not clear when the company will file its S-1, or what the size of the offering will be, or at precisely what valuation. The company has not [...]