Kayak IPO Terms Closer to Fruition
Kayak Software is set to debut in its initial public offering late this week. The travel comparison site’s parent is set to debut with a small offering of only about 4 million shares with an indicated range of up to…
Kayak.com was started in 2004 by the co-founders of Expedia, Travelocity and Orbitz. We anticipate that, despite a weak IPO flow in recent weeks, Kayak is going to be watched closely. The acquisition of IATA by Google Inc. (NASDAQ: GOOG) may be a challenge for Kayak, but the past strength of Priceline.com Inc. (NASDAQ: PCLN) and other online travel sites is likely to keep investors’ interest high.
The last look showed that the deal was set to price Thursday night for Friday trading.
JON C. OGG
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.