Travel website purveyor Kayak Software Corp. reportedly is delaying an initial public offering of stock, following Facebook Inc.”™s IPO struggles in the second half of May.
Kayak is based in Norwalk and has its technology operations in Concord, Mass.
Kayak postponed a planned “roadshow” with prospective investors, according to a Bloomberg report citing a single, unidentified source. Morgan Stanley is leading the IPO, with Kayak hoping to raise $150 million.
Kayak first filed for an IPO in November 2010.
