SAN FRANCISCO (CBS/AP) — Trulia Inc.’s shares jumped about 30 percent in their debut on the New York Stock Exchange.

The San Francisco-based real estate website operator’s shares opened at $22.10 Thursday morning, after pricing at $17 the previous day.

The company and its shareholders planned to sell 6 million shares in the IPO for proceeds of about $102 million.

Earlier this month, Trulia estimated its shares would sell for $14 to $16 each. The $17 IPO price indicates solid demand for the offering.

Trulia operates the website and mobile apps. It allows people to research home listings and neighborhoods, while helping real estate agents market their listings. Its database includes 4.5 million homes for sale and rent.

(Copyright 2012 by CBS San Francisco. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)



Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Watch & Listen LIVE