Pursuits
Kayak Software Raises $91 Million, Pricing IPO Above Its Range
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Kayak Software Corp., the online travel company, raised $91 million in its initial public offering, pricing the shares above its proposed range.
The company sold 3.5 million shares at $26 each, according to data compiled by Bloomberg. Kayak, which will trade under the ticker KYAK on the Nasdaq Stock Market, had planned to sell the shares at $22 to $25 apiece.