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A secondary is on the way for Trulia (TRLA) as the company files an S-1. In other news,...

A secondary is on the way for Trulia (TRLA) as the company files an S-1. In other news, Caledonia Investments reports a 13.51% passive stake in the company. Shares -5.2% AH. Update at 4:45: The offering will be for $100M worth of shares.
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  • Surbiton
    , contributor
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    So now Caledonia Investments has a holding of 13.5% in both Zillow and Trulia. I wonder what their strategy is? Even more interesting is that Caledonia is an Australian based company and one has to wonder if it they understand the limitations of both these AVM companies and how massively over valued they are; and that Zillow is suing Trulia for patent infringements of its zestimate patent. As someone mentioned its a bit like Snooki suing Kim Kardashian for infringing on being classy.
    4 Mar 2013, 08:34 PM Reply Like
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