Trulia Goes After Zillow?s Real Estate, Files $75M IPO; Now Has 22M Monthly Users

Trulia, the online real estate listings giant, has now publicly?filed an IPO of up to $75 million -- effectively confirming reports from the end of July that the company had already filed for an IPO privately. The company's S-1 also provides an update on the state of the business, showing some encouraging signs of user growth, but declining revenues and growing losses, too. It says that as of June 30, 2012, it has 22 million monthly unique visitors, up from 5 million in June 2009; and paid subscribers -- its primary source of revenue -- have also grown massively. They're now at 21,544 versus 2,398 two years ago. But not all numbers are going up: revenues in the last six months actually dipped compared to last year: $29 million today versus $38.5 million a year ago. Meanwhile, net losses are growing: they're now at $7.6 million ($6.2 million last year).

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Xpr5DsuA4gE/

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