From Earlier: KAYAK Prices Initial Public Offering of 3.5M Shares at $26.00
KAYAK Software Corporation (Nasdaq: KYAK) announced yesterday the pricing of its initial public offering of 3,500,000 shares of its Class A common stock at a price to the public of $26.00 per share. The shares are expected to begin trading on NASDAQ under the ticker symbol "KYAK" on Friday, July 20, 2012. All of the shares were offered directly by KAYAK. In addition, KAYAK has granted the underwriters a 30-day option to purchase up to 525,000 additional shares of Class A common stock to cover over-allotments, if any.
Morgan Stanley and Deutsche Bank Securities are acting as joint book-running managers for the offering. Piper Jaffray, Stifel Nicolaus Weisel and Pacific Crest Securities are co-managers for the offering.
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