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Kayak maneuver may signal IPO chances still alive

03/14/2012| 10:04:01 AM| 中文

The Kayak board has quietly authorized the company to increase its number of common shares by 5 million to 50 million, a maneuver indicating that the website might price its offering, kick off a roadshow and try to go public.

The Kayak board has quietly authorized the company to increase its number of common shares by 5 million to 50 million, a maneuver that doesn’t ensure an IPO, but would be a prerequisite for one.

Amendment 3.8, which alters Kayak’s certificate of incorporation, was published along with Kayak’s 9th update since November 2010 to its IPO documents.

Giving the board the authority to increase Kayak’s number of outstanding shares may be significant because Kayak has indicated it would do so “immediately prior” to executing an IPO.

Read full story at: http://www.tnooz.com/2012/03/08/news/expedia-adds-hotels-com-to-guest-hotel-reviews-but-will-always-trail-tripadvisor/

TAGS: Kayak | IPO | ITA | Google
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