trivago, an online hotel search aggregator covering 1.3 million hotels in over 190 countries, filed on Monday with the SEC to raise up to $400 million in an initial public offering.
trivago is being spun out of Expedia (Nasdaq: EXPE).
The New York, NY-based company was founded in 2005 and booked $781 million in revenue for the 12 months ended September 30, 2016. It plans to list on the Nasdaq under the symbol TRVG. J.P. Morgan, Goldman Sachs and Morgan Stanley are the lead bookrunners on the deal, and Allen & Company, BofA Merrill Lynch, Citi and Deutsche Bank will serve as joint bookrunners. No pricing terms were disclosed.
