Kayak Prices Slightly Above Expectations at $26 a Share

Kayak has officially priced its initial public offering at $26 a share to raise $91 million, at a valuation of $1 billion. The online travel company was initially seeking to sell 3.5 million shares between $22 to $25 each. Trading is expected to begin Friday morning on Nasdaq under the ticker symbol “KYAK.”


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work