TravelTek

Published on Wednesday, December 21, 2011

TripAdvisor goes on sale today



Travel review site TripAdvisor will launch on the Nasdaq stock exchange today with an expected value of around $4bn.


 


TripAdvisor shares, being traded under the name TRIP, will go on sale at 09:00hrs in New York.


 


The company, which has websites in 30 countries, is being spun off by parent Expedia.


 


Expedia has been the largest buyer of advertising on the TripAdvisor website, accounting for as much as 35% of its total revenue, according to a report in today's Financial Times. However, the company expects to attract more business from Expedia's rivals following the sale.


 


After the spin-off, Expedia will no longer have any ownership interest in TripAdvisor.


 


By Linsey McNeill

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story
Code Request a new picture 5 characters



NOTE: Comments are subject to admin approval before being posted.
Mole Poll
TUI's new 'cheesy' ad is named 'Turkey of the Week' - Do you like it ?
yes 52.78 %
no 47.22 %

Thank you for your vote




Move scroll bar (above) left to right for more videos!

UPCOMING EVENTS
Sponsored features

roomsXML - saving travel agents from heartburns and wasted man-hours


Founded in 2007, roomsXML is an online B2B accommodation wholesaler serving travel agents and tour operators with offices in Australia, India, UAE, UK and USA. roomsXML is winner of numerous industry awards and accolades, including 'MSE 2' high credit worthiness certificate from CRISIL - an S&P Global company.

\m