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Good to see an IPO with a value I can kind of fathom and believe instead of, you know, $X BILLION! or something.
by chucknelson 14y ago
Good to see an IPO with a value I can kind of fathom and believe instead of, you know, $X BILLION! or something.
- jonknee 14y agoThat's just the value of the shares being sold, which is a small part of the overall number of shares. The valuation is around $1 BILLION.
- sukuriant 14y agoWhich, interestingly, is 1/6th the market cap of Expedia. Perhaps they've done an actually valid valuation?
- jonknee 14y agoExpedia should have little to do with it. Kayak's growth, revenue and profits are what matter.
- sukuriant 14y agoYes; however, this is an existing business in the same market. If they're reasonable competitiors and are getting about the same amount of business (or are gradually growing in their business), then you could expect them to be worth something similar. At least that's my thoughts on their entry into the market.