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.
The original post follows:
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?
Read full story at: http://www.tnooz.com/2012/05/17/news/will-kayak-ipo-roadshow-tailgate-facebook-next-week-with-a-1b-valuation/