trulia.com CEO Pete Flint has revealed an interest in attracting an outside investor that would allow employees and owners to cash in their shares without waiting for an initial public offering.
In an interview with bloomberg.com, Flint said his company may follow the lead of Facebook, which sold employees’ shares to Digital Sky Technologies in May last year. Flint added that trulia.com is often approached about going public, but said the company would get a higher valuation after the real estate market recovers.
“We get inquiries frequently, if not weekly, from people who want to take us public or invest in our business,” Flint is quoted as saying.
Rumours that Google was looking to buy trulia.com surfaced in January this year. Flint declined the opportunity to comment on this in his interview with bloomberg.com.
trulia.com added rental listings last week, and a recent press release shows that one of its listing partners is none other than Dominion Enterprises’ forrent.com, currently placed 16th in the US market.
“Integrating forrent.com listings into trulia.com’s site will put our clients’ properties in front of a new audience, ultimately generating more exposure and creating the potential for them to receive more leads,” explained Terry Slattery, president of For Rent Media Solutions.