December 13, 2016 Comments Off on Trivago files for IPO
Early this week, news broke of German online hotel search aggregator Trivago filing for a US IPO, with shares expected to price between $13 and $15, equating to a potential $428 million offering. At the midpoint of the proposed range, the company controls a considerable market value of $4.9 billion. Founded in 2005, and officially listed as Travel B.V, the company will undergo a name change ahead of its IPO which will take place around the 15th December. In 2012, American travel giant Expedia bought a majority stake in the company of 61.6% for $632 million, and will hold its stake post-IPO. Expedia shares are on the rise, as well as those of Priceline and TripAdvisor- two companies which accounted for a majority of Triage’s revenue this year. Currently experiencing rapid revenue and market growth, Trivago will list on the Nasdaq with the ticker “TRVG”.
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