Current Issue
This Month's Print Issue

Follow Fast Company

We’ll come to you.

1 minute read

Fast Feed

Kayak IPO Expected In Coming Weeks

CNBC is reporting that travel site Kayak may finally spring its long-delayed IPO in the coming few weeks, riding Facebook's mega-wake. This news follows a bump in recent performance that Kayak showed off in its Q1 earnings report. The company reported a 39 percent increase in revenue and a net earnings of $4 million for the first quarter of the year, compared to $7 million lost in Q1 last year. According to CNBC, Kayak is targeting a $150 million IPO pegging the valuation at a shade over $1 billion—Instagram's price tag when Facebook bought it.

For more news through the day, watch our Fast Feed page.