Trulia, an online residential real estate marketplace with 22 million monthly unique visitors, announced terms for its IPO on Friday. The San Francisco, CA-based company plans to raise $90 million by offering 6.0 million shares (17% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Trulia would command a market value of $432 million. Trulia, which was founded in 2005 and booked $51 million in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol TRLA. J.P. Morgan and Deutsche Bank are the joint bookrunners on the deal.
