Hostelworld Prices Its IPO at a $270 Million Valuation
Photo Credit: Hostelworld is raising some $197 million to boost its geographic footprint. Pictured are screenshots of the Hostelworld iPhone app. Hostelworld
Skift Take
Although it is very much apples to oranges, the Hostelworld IPO might be viewed as a toe in the water for companies such as Airbnb and other alternative lodging/sharing-economy companies mulling their futures as public companies.
Hostelworld Group, which states it offers a lower-priced distributed channel than online travel agencies for hostels and other budget accommodations, priced its IPO in the UK and Ireland, valuing the company at $270.3 million.
There haven't been big travel IPOs so far in 2015 as Hostelworld prices s
