Will we see any more IPOs this year? Maybe not, amid a brutally volatile market. The latest casualty, according to a report in All Things Digital, is travel site Kayak, which has postponed its IPO.
However, the company plans to maintain its filings with the Securities and Exchange Commission. Might as well be prepared for when the IPO window opens up again, right?
Actually, Kayak continues to grow at a nice pace. For the first six months of this year, revenues increased by 36% to $109.4 million, and adjusted EBITDA came to $13.3 million. The site saw 443 million user queries, up 49% over the past year. Read