Tuesday, November 15, 2016

Trivago Files For IPO

Online hotel search site Trivago--which is majority owned by Bellevue-based Expedia, has filed for an IPO. According to Trivago's F-1 filing (as travel B.V.), it is hoping to raise $400M in a public offering on the NASDAQ Global Select Market as TRVG. The company--based in Dusseldorf--is offering up American Depositary Shares (ADRs). The IPO is being underwritten by J.P. Morgan, Goldman, Sachs & Co., Morgan Stanley, Allen & Company LLC, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Cowen and Company, and Guggenheim Securities. Expedia owns around 62% of Trivago.