Real Estate, Initial Public Offering | featured news

San Francisco-based online real-estate listing firm, Trulia, is expected to begin trading on the New York Stock Exchange this coming Thursday, Sept. 20, under the ticker, TRLA, according to a report. The company plans to sell 6 million shares with a price range of between $14 and $16 a share.

Trulia, the operator of the Trulia.com real estate website, filed for a public stock offering Friday that could bring the company up to $75 million.

Shares of real-estate website Zillow more than doubled on its first day of trading, giving the unprofitable Internet company a valuation of more than $1 billion.

Investors pile into Internet IPOs and start-ups, making overnight millionaires. House prices and salaries soar. Another dot-com bubble? Maybe, but with differences. As she unloaded groceries in the driveway of her Palo Alto home, Lisen Stromberg was approached by a real estate broker who asked whether she'd be willing to sell her five-bedroom house to a senior Facebook executive.