Ora

When Did Kayak Go Public?

Published in Company IPO 1 min read

Kayak, the well-known travel search engine, became a public company on July 20, 2012, through an Initial Public Offering (IPO). This move allowed the company to list its shares on a public stock exchange, making them available for purchase by individual and institutional investors.

Kayak's Initial Public Offering Details

The IPO on July 20, 2012, was a significant event for Kayak, transitioning it from a private entity to a publicly traded one. The first day of trading provided key insights into market reception for the travel technology company.

Here are the specific details from its first day of trading:

Event Detail
IPO Date July 20, 2012
Opening Price Per Share $26
Closing Price Per Share $33.18

On its debut, Kayak's shares opened at $26 per share, indicating the initial valuation and investor interest. By the close of trading on the same day, the share price had increased to $33.18, reflecting a positive market response to the new public offering. This successful market entry underscored the growing demand for online travel services and the potential investors saw in Kayak's platform.