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KAYAK prices IPO at $26, above the range

July 20, 2012

KAYAK Software, which operates a website that lets consumers compare flight, hotel and travel info, raised $91 million by offering 3.5 million shares at $26, above the $22-$25 range. KAYAK Software plans to list on the NASDAQ under the symbol KYAK. Morgan Stanley and Deutsche Bank were the bookrunners on the offering.