Back to Main

Trulia cracks 2012 top 10 first-day IPO gainers in the busiest day for US IPOs since 2010

By: Renaissance Capital
Posted: 9/20/2012 4:43:00 PM
Referenced Stocks: BNNY;CZR;MM;PRLB;SPLK

Trulia, a fast-growing online residential real estate marketplace with 22 million monthly unique visitors, closed at $24.00 in its first day of trading, representing a first-day pop of 41%. This was the best first day of trading since Five Below jumped 56% on July 19 and the 10th best overall first-day pop in 2012.

Best First Day Pop in 2012

Company (Ticker)

Business

Deal Size ($mm)

First Day Pop

IPO Return

Splunk ( SPLK )

Big data software

$230

108.7%

114.8%

Millennial Media ( MM )

Mobile advertising

$133

92.3%

16.0%

Annie's ( BNNY )

Organic foods

$95

89.1%

148.3%

Proto Labs ( PRLB )

Prototype manufacturer

$69

81.3%

106.3%

Caesars Entertainm ( CZR )

Casino operator

$16

71.0%

-22.9%

Yelp (YELP)

Online consumer reviews

$107

63.9%

73.9%

Five Below (FIVE)

Discount teen retailer

$163

55.9%

103.4%

Demandware (DWRE)

On-demand ecommerce soft.

$88

47.4%

90.1%

Tumi Holdings (TUMI)

Luggage retailer

$338

47.2%

37.1%

Trulia (TRLA)

Online real estate marketplace

$102

41.2%

41.2%


Busiest IPO trading day since 2010

Trulia was one of five companies to complete IPOs and begin trading today, making it the busiest single day for the US IPO market since six IPOs debuted on April 22, 2010. Joining Trulia were bank holding companies Capital Bank Financial (CBF) and National Bank Holdings (NBHC), MLP Susser Petroleum Partners (SUSP) and REIT Spirit Realty (SRC).

Their performance, unlike Trulia’s, was generally lackluster; while Susser Petroleum Partners gained 14%, the others ended the day within 1.8% of their IPO price.