KAYAK Software Corp. (KYAK) announced that it is offering 3.50 million Class A shares and expects the initial public offering price to be between $22.00 and $25.00 per share. The company added that this is its initial public offering, and no public market exists for its shares.
Upon the completion of this offering, the company would have two classes of authorized common stock, namely Class A common stock and Class B common stock. Following this, the holders of Class B common stock shall be able to exercise in respect thereof not less than 98.6% of the voting power of KAYAK Software Corp.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.