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After a short delay following Facebook Inc.”™s problematic initial public offering of stock, Kayak Software Corp. is ready to push ahead with its own IPO in mid-July, filing plans to raise as much as $88 million with shares priced between $22 and $25.
Kayak”™s search engines help travelers find bargains, with the company reporting earnings of $4.1 million in the first quarter on revenue of $73 million. Kayak is based in Norwalk and has its technology operations in Concord, Mass.
Kayak shares will trade on the NASDAQ exchange under the ticker symbol “KYAK.”
