Will Kayak IPO roadshow tailgate Facebook next week with a $1B valuation?
A report by CNBC indicated that Kayak’s IPO roadshow could get under way after the Facebook dust has settled, perhaps following Memorial Day, which is May 28.
UPDATE: Facebook’s tepid opening on Nasdaq May 18, with its stock closing at $38.23, just a few cents higher than its $38 pricing and with banks moving in late in the day to buy the stock to ensure it didn’t dip below $38 on its opening day, did nothing to catapult Kayak’s IPO prospects.
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With Facebook slated to price its IPO tonight and debut on Nasdaq on Friday with what could turn out to be a $100 billion valuation, can a much more diminutive, yet still substantive tech play in the form of Kayak follow on Facebook’s heels?