Latin American travel booking platform Despegar has filed to go public in the US, two years after Expedia invested $270m for a 16% share in the company.
Argentina-based Despegar filed for an initial public offering on the New York Stock Exchange on Tuesday that will provide exits to investors including travel booking platform Expedia.
Founded in 1999, Despegar runs an online flight and travel accommodation booking platform that focuses on Latin America and particularly Brazil, where it operates as Decolar. It made a $17.8m profit in 2016 from $411m in revenue which was provided by about 4 million customers.
Expedia paid $270m for a 16.4%…
