[Abstract] the initial public offering of technology stocks nearly stalled last year and began to ease slightly this year.
BI Chinese station on November 15th reported
by the online travel giant Expedia support the world’s largest hotel search engine Trivago has submitted a prospectus to the U.S. Securities and Exchange Commission (SEC), plans to trade on the Nasdaq stock market. Trivago’s securities code will be "TRVG".
investment bank JP Morgan, Goldman and Morgan Stanley will serve as the Trivago IPO co underwriters, Allen & Company, Merrill Lynch, Citigroup, Deutsche Bank, Cowen and, Company Guggenheim and Securities will participate in the company’s securities underwriting company.
market analysts had previously expected, Trivago IPO market capitalization will reach $5 billion. BI had previously reported that Trivago planning between this at the end of November ipo. Although at this time to submit the prospectus, which means that Trivago has not been able to achieve this goal, but the company is still likely to be listed before the end of this year.
Expedia said in July, Trivago second quarter revenue has reached $200 million, annual revenues of more than $660 million.
Trivago will become one of the largest IPO in the U.S. stock market this year. With the fermentation of investor sentiment, the initial public offering of technology stocks nearly stalled last year, and began easing slightly this year. This year, the largest technology company’s initial public offering for instant messaging applications Line on the Tokyo stock exchange and the New York Stock Exchange listing, raised a total of $1 billion 240 million of funds.
NASDAQ vice president Bruce (Bruce Aust) · Aosite earlier this month to BI said he expected before the end of this year there will be 4 to 5 technology companies ipo. (compile / Ming Xuan)