Expedia-controlled hotel search engine Trivago has filed for an
initial public offering (IPO) with the Securities and Exchange Commission.
Neither the number of shares to be offered nor their price range
has been determined. According to a preliminary estimate in the filing, Trivago looks to raise up to $400 million with the IPO. Shares will be listed on the Nasdaq Global Select Market
under the symbol TRVG.
In Expedia Inc.'s third-quarter financial report, the
company said that Trivago's revenue increased 57% year-over-year to $276
million, up from $176 million.
Expedia announced it was exploring the feasibility of a
Trivago IPO in July with the goal of completing the IPO by the end of the year.
The company took ownership of 64% of Trivago's stock in 2013 in a $630 million
deal.