digiBIZ: Kayak Seeks $87 Million

Tuesday, July 10, 2012

Kayak Seeks $87 Million

The online travel giant Kayak.com is seeking to raise $87 Million in IPO. Kayak is no stranger to the stock market after initially filing in 2010 but executives decided to hold off while looking for new investors. The initial release was schedule earlier this year but decided to wait in light of the Facebook IPO. The new IPO is scheduled to release later this month. Last years, Kayak profits came in around 220 Million, up from 170 Million the year before.

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