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trivago prices IPO at $11, below the range

December 16, 2016
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trivago, an online global hotel search aggregator being spun out of Expedia, raised $287 million by offering 26.1 million shares at $11, below the range of $13 to $15. trivago plans to list on the Nasdaq under the symbol TRVG. J.P. Morgan, Goldman Sachs, Morgan Stanley, Allen & Company, BofA Merrill Lynch, Citi and Deutsche Bank acted as lead managers on the deal.