The Expedia-backed Latin American tourism booking platform floated in the US at the top of its range, and could close the initial public offering at up to $382m.
Despegar, the Argentina-based travel and accommodation booking marketplace backed by tourism services provider Expedia, raised $332m in an initial public offering on the New York Stock Exchange on Tuesday.
The company issued almost 12.8 million shares priced at the top of the $23 to $26 range it set last week. The underwriters have a 30-day option to buy more than 1.9 million additional shares, which would boost the IPO’s size to approximately $382m.
Founded in 1999, Despegar runs an online…
