NORWALK, Conn., July 19, 2012 (GLOBE NEWSWIRE) -- KAYAK Software
Corporation (Nasdaq:KYAK) announced today the pricing of its initial
public offering of 3,500,000 shares of its Class A common stock at a
price to the public of $26.00 per share. The shares are expected to
begin trading on NASDAQ under the ticker symbol "KYAK" on Friday, July
20, 2012. All of the shares were offered directly by KAYAK. In
addition, KAYAK has granted the underwriters a 30-day option to
purchase up to 525,000 additional shares of Class A common stock to
cover over-allotments, if any.
Morgan Stanley and Deutsche Bank Securities are acting as joint
book-running managers for the offering. Piper Jaffray, Stifel Nicolaus
Weisel and Pacific Crest Securities are co-managers for the offering.
The offering of these securities is being made only by means of a
prospectus. A copy of the prospectus may be obtained from the offices
of Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, New York 10014, or by email at
email@example.com or by phone at (866) 718- 1649; or
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, New York 10005-2836, by email at
firstname.lastname@example.org, or by phone at (800) 503-4611.
A registration statement relating to these securities was declared
effective by the U.S. Securities and Exchange Commission on July 19,
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
KAYAK is a technology company providing free travel tools through its
global websites and mobile applications. KAYAK allows users to easily
research and compare accurate and relevant information when searching
for flights, hotels, car rentals, and vacations from hundreds of other
travel websites in one comprehensive, fast and intuitive display.
KAYAK's travel management service (kayak.com/trips) allows users to
easily consolidate their booking information into one simple itinerary.
KAYAK operates websites in 15 countries outside of the U.S., including
Germany, the United Kingdom, France, Spain, and Italy, and offers
leading travel apps available on iPhone, iPad, Android, Windows Mobile
7 and Nokia devices.
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