Kayak hits the road with $100 million IPO try
Skift Take
Some 21 months after getting the process under way and battling the ITA Software overhang, international debt crises and the Facebook IPO blunder, Kayak is finally beginning its IPO roadshow and trying to raise $100 million.
Kayak plans to issue in excess of 4 million Class A shares, at a price range of $22 to $25, and this would bring the total proceeds to more than $100 million.
The actual pricing of the offering would be set the night before the prospective listing. If all goes according to plan and investors buy into Kayak's story, then it could become a public company the week of July 16.
Based on a possible $25 per share price, Kayak's valuation would be some $977 million.
And, if the share price range topped out at $27 as the IPO fruition date draws close, then Kayak's valuation would exceed the magic $1 billion milestone.
It is difficult to see the $1 billion scenario playing out, however, given the identity of Kayak's lea
