No More Vacancies as HomeAway’s IPO Sells Out

HomeAway ended up selling $231 million in stock from its initial public offering last week. The company, which lists vacation homes online for rent, said today it gets to keep $148.9 million after deducting costs, and that shareholders made off with $82.1 million after underwriters fully exercised the option to purchase more shares. The company’s shares fell 79 cents to close today at $37.63 a share. The company is now valued at around $3 billion.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik