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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald