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HomeAway files for $230M IPO

Company's revenue jumped 40% in 2010
Published on Mar 15, 2011

Austin, Texas-based vacation real estate company HomeAway Inc. has registered its intentions for an initial public offering worth an estimated $230 million, according to a document filed with the Securities and Exchange Commission Friday. The company has not yet indicated how many shares it will offer, the price per share, or when it will start offering them. According to the filing, HomeAway estimated the $230 million maximum offering price for the purposes of calculating the IPO registration fee.In similar, recent filings, online radio company Pandora and social networking site LinkedIn announced plans to raise as much as $100 million and $175 million, respectively, according to Bloomberg. HomeAway plans to list its stock under the symbol "AWAY." According to the tech blog TechCrunch, investors have injected about half a billion dollars into the company since its founding in 2005. The company's latest investor is Google Ventures, the search giant's venture capital arm. ...

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