HomeAway, which operates the world's largest online marketplace for vacation rentals, announced terms for its IPO on Thursday. The Austin, TX-based company plans to raise $204 million by offering 8 million shares at a price range of $24 to $27. At the mid-point of the proposed range, HomeAway will command a market value of $2 billion. HomeAway, which was founded in 2004 and booked $184 million in sales for the 12 months ended March 31, 2011, plans to list on the NASDAQ under the symbol AWAY. Morgan Stanley, Deutsche Bank and Goldman Sachs are the lead underwriters on the deal, which is set to price on Tuesday, June 28.
