After Lengthy Delay, Kayak Sets Price Range For IPO
A New England-based online travel search company is ready to go public.
In a new regulatory filing, Kayak Software Corp., which is headquartered in Norwalk, Conn., and Concord, Mass., has set its IPO price range.
The New York Times' DealBook reports:
Kayak disclosed in an amended prospectus that it planned to sell 3.5 million shares at $22 to $25 a share. At the midpoint of the range, that would raise $82.3 million and value the discount travel company at about $907.1 million.
Kayak has delayed its IPO several times. According to Boston Business Journal, Kayak has had the IPO on file since November 2010.
Kayak will trade on Nasdaq under the symbol "KYAK."
This program aired on July 9, 2012. The audio for this program is not available.