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Kayak finally readies IPO, looks to raise $100M
Online hotel, flight, and travel search service Kayak is finally ready to go public after making its first filing with US Securities and Exchange Commission (SEC) in November 2010.
According to its latest filings with the SEC, the company is looking to raise around US$100.6-million in its IPO. As AllThingsD notes, that’s about double what it was looking for in its initial filing. The offering would entail Kayak selling four-million shares for between US$22 and US$25 a share.
The company initially delayed going public amid a volatile market last September, and delayed again after Facebook’s shaky public debut.
Kayak was founded in 2004 by Steve Hafner and Paul M. English. Hafner currently serves as Kayak’s chief executive officer, and English, the chief technology officer.
