Skift Take
Kayak should be able to demonstrate that its revenues are much more reliable than an advertising-based site, so it's possible that this is just another bump in its long road to an IPO.
Kayak Software Corp. is delaying its initial public offering following Facebook Inc. (FB)’s post-IPO tumble, according to a person close to the situation.
The Norwalk, Connecticut-based online-travel service has postponed the roadshow for the offering, which was scheduled to start last week, said the person, who declined to be identified because the information is private. Morgan Stanley, the lead bank on Facebook’s initial share sale, also was hired to lead Kayak’s IPO.
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Tags: ipo