Kayak delays public offering, says Bloomberg




Bloomberg is reporting that Kayak Software Corp has delayed its initial public offering following Facebook"s post-IPO tumble.

It said the online travel agent, based in Connecticut, was due to start a roadshow for the offering last week, but has changed its mind following Facebook"s poor market debut.

Morgan Stanley, the lead bank on Facebook"s initial share sale, was also due to be leading Kayak"s IPO.

Kayak initially intended to go public in November 2010 but postponed its plans in uncertain market conditions.

It posted a profit of $4.15 million in the quarter that ended March 31, compared with a loss of $6.91 million in same period the year before. Revenue rose 39% to $73.3 million.


 

Wednesday, June 6, 2012



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
Are customers losing interest in cruising?
Yes 53.75 %
No 46.25 %

Thank you for your vote



Get Adobe Flash player
LATEST MOLES' GALLERIES
UPCOMING EVENTS
Sponsored features

Club Mediterranee: The Sustainable Choice for Holidays and Group Tours


In 2010 Green Globe Certification established a partnership with the Club Med group, to guide and improve their sustainability performance.

Club Med is the only all-inclusive resort chain to have 40 properties Green Globe certified in 20 countries.

For more information about Club Med's sustainability activities, click on the Sustainable Development tab at www.clubmed-corporate.com

The results are in: eco-certification delivers better business for hoteliers

Once again world-class research shows eco-certified hotels are proven to operate more efficiently and attract guests who help them save money and the environment.

Our Green Globe members have for many years reported efficiency gains in resources, particularly energy and water, from 5% to 20% per year. 

For more information about Green Globe and its certification standard and independent audits visit www.greenglobe.com