Hotel booking website Trivago opened at $11.20 per share in its debut Friday on the Nasdaq stock exchange.
Trading under the symbol "TRVG," the stock closed at $11.65 a share on Friday, up more than 7.73 percent from its IPO pricing of $11 a share. Reuters had earlier reported that the company's indicated IPO price range was $13 per share to $15 per share.
The offering will value Trivago as a stand-alone company, controlled by Expedia, which owned 63.5 percent of the company as of Sept. 30, according to the prospectus. Expedia CEO Dara Khosrowshahi told investors in July that it did not plan to sell its own shares.