Digital Booking Sites

HomeAway Raises $195 Million In Stock Offering

Excerpt from TechFlash

Dec 18, 2013 4:00 am

Skift Take

HomeAway acquired the Stayz Group in Australia for $198 million earlier this month. This latest stock offering, raising $195.3 million, basically takes care of that.

— Dennis Schaal

Free Report: The State of Student Travel

Vacation home rental lister HomeAway Inc. reported Tuesday raising $195.3 million with its follow-on stock offering.

The Austin-based company sold 6.9 million shares of its common stock for $37 per share. It plans to use the net proceeds of this offering for general corporate purposes, which may include acquisitions or license of, or investment in, products, services, technologies or other businesses, according to a company news release.

More About HomeAway:

Read the Complete Story →

Tags:

Next Up

More on Skift

Expedia Expects to Get Pressured by TripAdvisor, Its Largest Search Partner
Best Travel Ads This Week: Travel Brands Go Indie
Marriott International Introduces Free Basic Wi-Fi for Rewards Members
Becoming Guest-Centric: Why Hotel Marketing Needs to Change