Travel App Hopper Eyes Long-Term IPO Plan, $10 Billion Valuation
- Flight-pricing service is popular with younger generations
- Investors include investing arms of Goldman Sachs, Brookfield
Photographer: Andrew Harrer/Bloomberg
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Travel data provider Hopper Inc., one of Canada’s largest closely held technology companies, is eyeing a public listing that its founder believes will value the business at as much as $10 billion.
The Montreal-based company offers price predictions for flights, hotels and car rentals by analyzing trillions of data points, and allows customers to lock in a future price for a fee. Hopper is among the most downloaded travel apps in North America, and is especially popular among millennials and Generation Z.