(By Balachander) Trulia, a San Francisco-based operator of real-estate information site, has filed to raise up to $75 million in an initial public offering.
The filing with the U.S. federal regulators did not disclose how many shares the company plans to offer or the pricing terms.
The company's web and mobile applications allow consumers to research home listings and neighborhoods and enables real estate professionals to market their listings and attract new clients.
In the six months ended June 30, the company had 22.0 million monthly unique visitors, according to a regulatory filing with the Securities and Exchange Commission.
For the year ended December 2011, Trulia had net loss of $6.2 million or 31 cents a share on revenue of $38.5 million mainly generated from subscriptions purchased by real estate professionals.
Trulia is backed by Accel Partners with a 23.6 percent stake, Fayez Sarofim Investment Partnership holding 19.6 percent and Sequoia Capital owning 10.9 percent.
As of June 30, 2012, Trulia had more than 360,000 active real estate professionals in its marketplace, 21,544 of whom were paying subscribers.
Trulia, which competes with online real estate marketplaces Zillow and Realtor.com, plans to list on the New York Stock Exchange under the symbol "TRLA."
J.P Morgan, Deutsche Bank, RBC Capital, Needham and William Blair will be the offering's underwriters.