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
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