KAYAK (KYAK) IPO Opens Higher

July 20, 2012 11:05 AM EDT
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The IPO for KAYAK (Nasdaq: KYAK) is open for trading. Shares opened around $30.30 after pricing at $26, above the expected $22-$25 range.

Morgan Stanley and Deutsche Bank Securities are acting as joint book-running managers for the offering. Piper Jaffray, Stifel Nicolaus Weisel and Pacific Crest Securities are co-managers for the offering.

KAYAK is a technology-driven company committed to improving online travel.

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