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

Latest Report: The Big Business of LGBT 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

The Great American Road Trip Heads West This Summer
Travel CEOs Take On the Ice Bucket Challenge
Uber Secures A Spot in United’s Mobile Apps in Business Travel Push
Business Travelers Are Equally Loyal to Hotel and Airline Points Programs