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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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus