Tuesday, December 6, 2016

Trivago Sets IPO Pricing Range

Trivago, the online hotel booking and search site owned by Bellevue-based Expedia, has set its IPO pricing terms, saying on Monday it is looking to sell 28,527,147 American Depositary Shares in its offering--being held under the name travel B.V. The IPO would raise as much as $399M for the company on the NASDAQ, where it would trade as TRVG. Trivago is based in Dusseldorf, Germany, and is 99.5% owned by Expedia.