Trivago files for IPO in the US

November 18, 2016 by  
Filed under News, North America, Technology

SAN FRANCISCO, 18 November 2016: German-based hotel booking site trivago, controlled by US online travel giant Expedia, has filed for a public share offering in New York.

The firm founded in 2005 which aims to connect travellers to hotels at the lowest rate has a booking inventory 1.3 million hotels in over 190 countries, and has 55 localised websites and apps in 33 languages.

The company said in a statement that the number of shares to be offered and price range had not been determined. But the filing gave a preliminary estimate it would raise USD400 million in the initial public offering. Read more