Kayak Prepping Largest Tech IPO Since Facebook
Kayak‘s long-awaited $87.5 million initial public offering is finally ready to cast off at $22 to $25 a share.
The online travel company dropped its amended S-1 form Monday morning, in which it disclosed it will offer 4 million shares. The company also reported that for the first fiscal quarter of 2012, it earned $4.1 million on revenues of $73.3 million compared to a $6.9 million loss for the first quarter of 2011. That’s a 39% jump in revenues over Q1 2011.
Though a date hasn’t been set for Kayak’s IPO, the company has disclosed that it will trade on Nasdaq under the symbol “KYAK.” Meanwhile, the $87.5 million figure is below earlier reports that had pegged it at $150 million.
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