Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday July 21, 2012

Kayak Closes IPO Day with Shares Up Nearly 30%

Take that Facebook! Regardless of its checkered past, Kayak bided their time until the timing was right for another IPO attempt. The wait proved profitable, with the stock trading up 30% over opening set price.

The prospectus shows that Kayak has 38.5 million shares outstanding after its IPO, giving the company a market cap today of just about $1.27 billion.