Kayak’s delayed IPO to hit road next week
Skift Take
With better quarterly number this year than last, the story's a bit better than 2011, it will try to sell that growth story.
Kayak’s delayed IPO plans are finally getting into gear, even as the IPO window post-Facebook remains shaky at best. The Morgan Stanley-led IPO will start its roadshow next week to convince potential investors, and should start trading by the end of this month if market conditions allow.
Kayak filed in November 2010 to raise $50 million; no word yet on number of shares being sold or the price range for the IPO. Kayak reported $4.1 million in net income in Q1 2012, compared to a loss of $6.9 million year before, on revenues of $73.3 million, an increase of 39% from 2011.
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