NASDAQ Welcomes Travel Site KAYAK (NASDAQ:KYAK) to The NASDAQ Stock Market
NEW YORK, July 20, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that KAYAK (Nasdaq:KYAK), a leading travel online search engine, successfully completed its initial public offering on The NASDAQ Stock Market. KAYAK shares began trading today, July 20, 2012, on The NASDAQ Global Select Market under the ticker symbol "KYAK".
KAYAK is a travel search engine that allows users to research and compare hundreds of global travel sites on one comprehensive, fast and intuitive platform. KAYAK was founded in 2004 by the co-founders of leading online travel agencies, Orbitz, Expedia and Travelocity. By offering a unique and improved approach to online travel, customers are able to view a wider range of hotel, flight, rental car or cruise possibilities for an upcoming trip. KAYAK is partnered through advertising with over 4,000 of the travel suppliers and online travel agencies, including the leading providers in each travel sector.
"KAYAK has transformed the way people make informed travel decisions, allowing users to compare hundreds of travel sites at once in one fast and intuitive display," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. "KAYAK's sophisticated search engine truly exemplifies the innovative nature of NASDAQ listed companies and we are thrilled to welcome them to our exchange."
Since its foundation, NASDAQ OMX has consistently been the exchange of choice for some of the world's largest and most revolutionary companies. By listing with NASDAQ, KAYAK joins leading internet and technology companies such as Google, Expedia, TripAdvisor and Home Away.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6.2 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Jennifer Knapp +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com
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