trivago (TRVG) IPO Prices Below Expected Range
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December 20, 2016 6:44 AM EST
Susquehanna reiterated a Positive rating on Expedia (NASDAQ: EXPE), and raised the price target to $166.00 (from $160.00), after updating estimates.
Analyst Shyam Patil commented, "For 2016, we are leaving our revenue and EBITDA estimates largely unchanged, but are raising EPS by 1%. For 2017, we are lowering... More
December 20, 2016 6:10 AM EST
Susquehanna initiates coverage on recent IPO trivago N.V. (NASDAQ: TRVG) with a Neutral rating and a price target of $14.00.
Analyst Shyam Patil highlighted:
Trivago priced its IPO late last week and the stock started trading on Friday. The IPO priced at $11, which was 21% ($3) below the mid-point of the original $13-15 range. The stock closed at $11.85 on Friday, up 8%.Trivago is one of the leading Big 5 players in the travel metasearch space and is well positioned to capitalize on the secular shift from offline to online accommodations bookings and advertising...
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December 16, 2016 10:53 AM EST
Today's IPO for trivago (NASDAQ: TRVG) opened for trading at $11.20 after it priced its initial public offering of 26.1 million ADSs at $11, below the expected range of $13-$15.
trivago is being spun-out of Expedia (NASDAQ:... More
