Trulia Files S-1 For $75M IPO

Trulia is a San Francisco based online real estate company that plans to raise up to $75 million in an IPO.  The S-1 filing was submitted to the SEC on May 31st and was made public this week.

Trulia receives 22 million unique visitors per month and made $28 million in revenue for the first 6 months of 2012.  Just as a comparison, Trulia’s closest competitor Zillow received 33 million unique visitors and generated $50.5 million in revenues for the first 6 months of 2012.

Trulia has never had a profitable quarter and has hit a $43.8 million deficit since they launched.  Investors in Trulia include Accel Partners (23%), Sequoia Capital (10%), and several others.  Zillow reported a $3 million profit for the first 6 months of 2012 and was also not profitable since having an IPO last year.