Facebook Is Stable Enough for Kayak to IPO Now
After delaying its IPO for almost two years and canceling its most recent investor roadshow following Facebook's disastrous IPO, Kayak has finally priced its valuation this morning.
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Both Kayak.com, an online travel booking site, and Palo Alto Networks, a network security company, made their market debuts this morning, the first tech IPOs since Facebook's abysmal debut. Their performances don't look anything like Facebook's.
After delaying its IPO for almost two years and canceling its most recent investor roadshow following Facebook's disastrous IPO, Kayak has finally priced its valuation this morning.
One of the many groups that will lose out after Facebook's selfish (and somewhat failing) IPO are all the other tech companies that hoped to ride out the bubble Facebook was supposed to create.
Kayak is the latest company that doesn't want to go public in this market
The rough version of flight search shouldn't have competitors too worried
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