GO
Loading...

Kayak Prices IPO at $26 a Share, Above Expected Range

Thursday, 19 Jul 2012 | 6:18 PM ET

Online travel service company Kayak Software priced its initial public offering at $26 a share, above the expected range of $22 to $25.

NASDAQ MarketSite Tower, Times Square, New York, NY
AP
NASDAQ MarketSite Tower, Times Square, New York, NY

The company raised $91 million, with an offering of 3.5 million shares, as expected.

Trading is expected to begin on Friday.

Kayak is backed by private-equity players like General Catalyst Partners, Sequoia Capital, Accel Funds, and Oak Investment Partners.

The company expects to lists its shares on the Nasdaq under the symbol "KYAK." Its offering is being underwritten by Morgan Stanley and Deutsche Bank Securities among others.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

— Reuters contributed to this article.

  Price   Change %Change
FB
---

Featured

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.