Why Kayak wants its IPO now and why it thinks $22 a share is the right price
Skift Take
A dream deferred no longer -- maybe. Kayak can almost taste the public markets now, but as its IPO roadshow kicks into gear, this is not yet a done deal.
Source: Skift
Author: Dennis Schaal
As the Kayak IPO roadshow visits New York City today, it's ironic that some analysts are asking, "Why now?"
And, is the initial price range floated of $22 to $25 per share a bit expensive?
The roadshow schedule isn't public information, but it is known that the Kayakers will be visiting Manhattan today and a California stop in the land of the venture capitalists is on tap for July 17.
One question on everyone's mind is why did Kayak, which filed its IPO prospectus in November 2010 and found itself subject to all kinds of roadblocks, now hurry out of the gate so soon after underwriter Morgan Stanley's Facebook debacle.
The lone IPO to come to fruition in the interim has been ServiceNow, wh
