Trulia Is On The Stock Market
Trulia Inc. is riding the housing recovery well and has just gone public. With only one week of trading, it is now valued at over half a billion dollars.
The online real estate company opened on the New York Stock Exchange at $22 per share which was well above the asking price. Its offering is a test for how much people have overall interest in IPOs since Facebook's bad debut. Many companies are happy that it went so well the first day of Trulia's debut. Trulia makes money by selling subscriptions and advertisements to realtors. It has not returned a profit yet but its revenue has nearly doubled in the last year. If they lose those realtors, then their company will hurt so they must make sure that there is a demand for houses.
The company gives access to consumers through phone systems, etc. about different houses that are on the market. It is also a good way for realtors to meet clients and for their clients to reach them. So, as of right now it is a good deal for everyone who is looking to buy a house and those who are realtors.
So if you are thinking about buying Trulia stock, you can find out how well they are doing online and read more about the company online as well. This will help you to make a decision on whether to buy.