Norwalk, Conn. – Kayak Software Corp., a Norwalk-based travel website, on Friday priced its initial public offering of stock to raise $91 million. The company priced 3.5 million shares at a price of $26 million.
Shares in the company opened at $30.10 on Friday, the stock’s first day of public trading on the Nasdaq, under the symbol “KYAK.” Click here [KYAK] for the current price.
Kayak was co-founded in 2004 by Expedia, Travelocity and Orbitz. The company operates websites and mobile applications for users to compare airline, hotel and rental-car fares offered on hundreds of other travel website operators.
This article was also published in New England Tech Wire.
Related links:
Kayak – http://www.kayak.com
MarketWatch – Kayak, Palo Alto are exceptions on Wall St.
Forbes – Kayak, Palo Alto Networks IPOs Off To Strong Debuts
Wall Street Journal – Kayak, Palo Alto Networks Surge Post-IPO
