Kayak files for IPO
Travel search site Kayak threw a huge curveball into the increasingly turbulent metasearch sector this morning by filing for an IPO in the US.
Confirmation came as documents were filed at the Securities Exchange Commission today to start the process of putting the six-year old company on the public markets.
The move has the backdrop of an increasingly bitter search marketplace as Kayak and others in the FairSearch lobbying group step up their pressure against the proposed acquisition of ITA Software by Google.
Read the full story at http://www.tnooz.com/2010/11/17/news/kayak-files-for-ipo/