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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 Changing Business of Extended-Stay Hotels

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.

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