On Thursday, Belarus President Alexander Lukashenko confirmed that a small aircraft piloted by democracy activists had violated Belarusian airspace in July when it crossed over from Lithuania. The aircraft was carrying a cargo of teddy bears, which parachuted into the Belarusian capital, Minsk, on July 4.
Lukashenko was peeved at his military commanders and air traffic control had failed to stop the plane’s raid into Belarus. Government officials have been trying to sort out how the activists planned the attack and why national security operatives failed to stop the small planes raid into controlled air space.
The plane was piloted by the cofounder of a Swedish ad agency on behalf of Charter 97, a Belarussian democracy advocacy group. The group has since organized other teddy bear assaults, including staging of teddy bears in front of the Belarusian Embassy in London-which caused embassy officials to call the police– to protest Lukashenko’s repression. Protestors have adopted the teddy bears as a symbol of resistance against Lukashenko.
Source: Foreign Policy - Teddy bear aerial assault over Belarus confirmed
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