IPO Of trivago, an online global hotel search aggregator being spun out of Expedia announced terms for its IPO on Monday.
The Düsseldorf, Germany-based company plans to raise $399 million by offering 28.5 million shares (37% insider) at a price range of $13 to $15. At the midpoint of the proposed range, trivago would command a fully diluted market value of $4.9 billion.
IPO trivago was founded in 2005 and booked $735 million in sales for the 12 months ended September 30, 2016. It plans to list on the Nasdaq under the symbol TRVG. J.P. Morgan, Goldman Sachs, Morgan Stanley, Allen & Company, BofA Merrill Lynch, Citi and Deutsche Bank are the joint bookrunners on the deal. It is expected to price during the week of .
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