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.