The hotel booking service, backed by Expedia, has priced its shares at $13 to $15m and will raise up to $492m in its initial public offering.
Trivago, a Germany-based hotel booking platform majority-owned by online travel service Expedia, yesterday set the range for its initial public offering on Nasdaq at $13 to $15.
The company, which is currently officially named Travel BV but will rename to Trivago as part of the flotation, stands to raised up to $492m in proceeds at the top end of the range.
Expedia currently holds a 63.5% in the company, having acquired the stake from Insight Venture Partners and Howzat Partners…
