NORWALK, Conn., July 19, 2012 (GLOBE NEWSWIRE) -- KAYAK Software Corporation (Nasdaq:KYAK) announced today the pricing of its initial public offering of 3,500,000 shares of its Class A common stock at a price to the public of $26.00 per share. The shares are expected to begin trading on NASDAQ under the ticker symbol "KYAK" on Friday, July 20, 2012. All of the shares were offered directly by KAYAK. In addition, KAYAK has granted the underwriters a 30-day option to purchase up to 525,000 additional shares of Class A common stock to cover over-allotments, if any.
Morgan Stanley and Deutsche Bank Securities are acting as joint book-running managers for the offering. Piper Jaffray, Stifel Nicolaus Weisel and Pacific Crest Securities are co-managers for the offering.
The offering of these securities is being made only by means of a prospectus. A copy of the prospectus may be obtained from the offices of Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com or by phone at (866) 718- 1649; or Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, by email at prospectus.cpdg@db.com, or by phone at (800) 503-4611.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on July 19, 2012.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About KAYAK
KAYAK is a technology company providing free travel tools through its global websites and mobile applications. KAYAK allows users to easily research and compare accurate and relevant information when searching for flights, hotels, car rentals, and vacations from hundreds of other travel websites in one comprehensive, fast and intuitive display. KAYAK's travel management service (kayak.com/trips) allows users to easily consolidate their booking information into one simple itinerary. KAYAK operates websites in 15 countries outside of the U.S., including Germany, the United Kingdom, France, Spain, and Italy, and offers leading travel apps available on iPhone, iPad, Android, Windows Mobile 7 and Nokia devices.