Kayak to IPO under the name KYAK, valued at $1 billion

Kayak is expected to start trading tomorrow, after waiting nearly a year for the turbulent IPO waters to subside. Later this afternoon, Kayak is planning to sell 3.5 million shares at $22 to $25 each, to raise as much as $100 million, according to its latest document filed with the Securities and Exchange Commission. But …

Pinterest valued at $1.5 billion – as megalithic Japanese website invests

Rakuten (the Amazon of Japan) has led a $100m funding round into Pinterest, which values the online “curation” community at around $1.5 billion. The Japanese ecommerce giant won out over major US venture capital firms who were vying for a piece of Silicon Valley’s new sweetheart, which lets users clip images to a virtual pinboard. The FT spoke …