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 based on strong demand, the company could end up pricing its shares even higher, reports CNBC.

At the top of its current range, the company would be valued at nearly $1 billion.

The online travel company will trade under the ticker symbol KYAK on the Nasdaq exchange.

 

Keep reading: All Things D –¬†Kayak Finally Set to Take the Plunge Into Uncertain Market

 

 

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