Digital Booking Sites

Kayak considering bigger IPO with price range increase

Excerpt from CNBC

Jul 19, 2012 3:08 am

Skift Take

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.

— Dennis Schaal

Sponsored by:

Register Now for Skift Global Forum

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.

 

Read the Complete Story →

Tags: ,

Next Up

More on Skift

Daily Travel Startup Watch: Escapio, Tripflr And More
What It’s Really Like to Be a Hotel Social Media Manager
U.S. Government Asks Travel Industry to Help It Improve Airport Arrivals
Spending On Leisure Travel Is Best Use Of Points Earned During Business Travel