Following on the heels of a similar move by competitor Zillow, real estate search and information portal Trulia will take advantage of its share price to raise $100 million in a follow-on offering.

Shares in Trulia, which have ranged from $14.69 to $38.22 since the company went public on Sept. 20, closed at $28 Monday. Shares were off by 5 percent in after-hours trading on fears that the offering will dilute the value of existing shares.

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