Skip to Content

Trivago’s IPO Falls Below Expectations

December 15, 2016

Expedia Website Ahead Of Earnings FiguresExpedia Website Ahead Of Earnings Figures

Trivago, the hotel search platform that is majority owned by online travel firm Expedia (EXPE), raised $287 million in an initial public offering on Thursday, far below expectations, according to a person familiar with the matter.

The underwhelming pricing of the Düsseldorf, Germany-based company’s offering reflects some concerns among investors, in a challenging year for technology IPOs, that it may be too reliant on a few online travel companies for its revenue.

Trivago priced 26.1 million American depository shares, or ADS, on Thursday, fewer than its planned 28.5 million. At $11 an ADS, the pricing was also below its indicated range of $13 and $15, the source said, asking for anonymity become the details are not yet public. Expedia and Trivago did not immediately respond to a request for comment.