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Kayak Travel Search Engine Going Public Next Week

After a long delay search engine is ready to go public

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Kayak Travel Search Engine Going Public Next Week
[ Business]

You might remember Kayak, a popular travel search site, filed for an IPO back at the end of 2010, but poor market conditions caused them to hold off. As Robert Birge, Kayak’s chief marketing officer put it, “some companies have no choice but to move forward into…unsettled markets, we are happy to wait; it’s just that simple”.

Apparently things must be looking better because Kayak has just announced they are ready to go forward with their public offering in the next week or two. It sounds like they are planning to catch some momentum off of tomorrows Facebook IPO. Whether that is a good strategy, only time can tell, but conditions do seem favorable at Kayak.

Their first quarter 2012 financial report reveals a net income of $4.1 million and a 39% increase in revenue when compared with the same quarter last year. Revenue reached over $73 million for this quarter. With the IPO Kayak plans to raise about $150 million. According to CNBC, part of the renewed interest in the offering comes from competition by ITA. ITA is a similar travel search site recently purchased by Google, which poses a considerable risk to Kayak.

We will be watching the Kayak IPO closely as it is one of the first tech IPO’s to follow the much anticipated Facebook IPO which begins tomorrow. Check back regularly for updates on Kayak and Facebook.

Kayak Travel Search Engine Going Public Next Week
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  • http://BestSqueezePages.com Kevin

    Facebook is a stock to stay away from. Facebook PPC Ads simply do not convert for business owners. They’re expensive and have poor conversion rates. This is why you saw GM drop Facebook after blowing 10 million. I just don’t see the earning ever reaching the number they need to in order to justify the current Facebook price.

    Kayak certainly is not overvalued like Facebook. And the online travel business is poised to grow. So there are some things to like with this company. Having said all of that, I still use a different website for my travel. I use a 2012 start up for my Travel Search Engine. It’s a website called BestTravelCoupon.com. They deliver great rates on hotels and flights. I’ve used them a few times in the past 4 weeks.

    http://besttravelcoupon.com is the site to check.

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