Kayak Software is finally ready to test the IPO waters.
The online travel company announced today in a regulatory filing that it aims to raise as much as $87.5 million by selling 3.5 million shares for between $22 and $25 each. Shares will trade on the Nasdaq Stock Market under the ticker KYAK.
Kayak, which first filed to go public in 2010, effectively put its IPO in dry dock in May after company executives decided against holding its "roadshow" with would-be investors around Memorial Day as planned. Executives were reportedly worried about the willingness in the … Read more