Kayak considering bigger IPO with price range increase
You’d think Kayak might take a more conservative approach on pricing after the Facebook swoon, but a cork-popping $1 billion valuation maybe within Kayak’s grasp and it has waited so long for this day.
Excerpt from CNBC
Online travel service company Kayak Software is likely to raise its price range when its initial public offering is priced this week, sources told CNBC.
Kayak currently expects to sell 3.5 million shares between $22 and $25 each, which at the high end of the range would value Kayak at $964 million.