Trivago Climbs in Debut After Pricing IPO Below Range
- Shares jump 7.6 percent to $11.83 after pricing at $11 each
- Expedia will maintain control of the publicly listed company
Trivago GmbH signage is displayed on a monitor outside during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Dec. 16.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Trivago, the German-based travel site majority-owned by Expedia Inc., climbed in its debut after the company priced its U.S. initial public offering below the marketed range.
The stock jumped 7.6 percent to $11.83 at 12:12 p.m. in New York. The company has a market value of about $2.8 billion at that price, based on the total number of shares outstanding after the offering in the deal prospectus.