Robert Libetti/ Business Insider |
JPMorgan Chase and Deutsche Bank are reportedly behind it, but neither the company nor the banks have confirmed the news.
Trulia shows homebuyers and sellers what properties are worth; it also provides information about neighborhoods, school systems, crime rates and more. It was founded in 2004 by Pete Flint and has raised $32.8 million from Sarofim Fayez and Co, Kevin Hartz, Accel Partners, Thorner Ventures and Sequoia Capital.
Since its revenues are below $1 billion, it's able to file for an IPO confidentially under the JOBS Act without revealing all of its financial information. The S-1 needs to be made public at least 21 days prior to the road show, however. LegalZoom and Workday also filed to go public this way.
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