Kayak gets its $1 billion valuation: raises $91 million at $26 a share
Skift Take
In the first big travel IPO of the year, Kayak's 3.5 million shares will begin trading on Friday morning on the NASDAQ under the symbol KYAK.
Source: Bloomberg
Author: Ari Levy
Kayak Software Corp., the online travel company, raised $91 million in its initial public offering, pricing the shares above its proposed range.
The company sold 3.5 million shares at $26 each, according to data compiled by Bloomberg. Kayak, which will trade under the ticker KYAK on the Nasdaq Stock Market, had planned to sell the shares at $22 to $25 apiec
