Expedia files for Trivago IPO
Saturday, 15 Nov, 2016
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Expedia Inc has filed with US regulators for an initial public offering of hotel search platform Trivago.
The exact number of shares offered and price range have not been disclosed but It hopes to raise about $400 in the IPO.
The IPO will be fronted by Dutch-based company travel BV, which will act as the holding company for Trivago.
The filing touts Trivago’s growth potential as ‘consumers are increasingly looking for tools to enable them to navigate through multiple hotel booking options simultaneously and compare prices.’
"We believe that we are reshaping hotel discovery for our users, while changing the way hotel advertisers identify, engage with and acquire travelers," it said.
Expedia bought a 62% stake in Trivago for $531 million in 2012.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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