NEW YORK, Dec. 21, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that TripAdvisor, Inc. (Nasdaq:TRIP), the world's largest travel site, has successfully completed its spin-off from Expedia, Inc. (Nasdaq:EXPE) and has commenced trading as an independent company on The NASDAQ Stock Market under the ticker symbol "TRIP". Since Expedia announced shareholder approval of the spin-off on December 6, 2011, TripAdvisor has been trading under the ticker symbol "TRIPV". TripAdvisor is a member of the S&P 500®.
"TripAdvisor has transformed the way people plan and make travel decisions by providing practical information from a huge community of millions of travelers worldwide," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. "TripAdvisor embodies the innovative and progressive drive that is characteristic of NASDAQ-listed companies. Because of these qualities, NASDAQ is happy to announce that TripAdvisor is the official travel review site of The NASDAQ Stock Market."
TripAdvisor, an online travel research company, is the world's largest travel site. By aggregating reviews and opinions from travelers about accommodations, destinations, restaurants and activities all over the world, TripAdvisor enables travelers to plan and have the perfect trip. Beyond travel-related content, TripAdvisor websites also include links to the websites of its advertisers, including travel advertisers, enabling travelers to directly book their travel arrangements. In addition to the flagship TripAdvisor brand, TripAdvisor manages and operates websites under 18 other travel media brands, connected by the common goal of providing comprehensive travel planning resources across the travel sector. TripAdvisor® Media Group companies attract more than 65 million unique monthly visitors*. TripAdvisor-branded sites make up the most popular and largest travel community in the world, with more than 50 million unique monthly visitors, 20 million members, and over 50 million reviews and opinions**.
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, TripAdvisor joins leading internet companies like Google, eBay, Baidu, Yahoo, Yandex, Jive Software and Zynga.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX first North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
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.
TripAdvisor, Inc. (Nasdaq:TRIP) is the world's largest travel site, enabling travelers to plan and have the perfect trip. TripAdvisor® offers trusted advice from real travelers and a wide variety of travel choices and planning features with seamless links to booking tools. TripAdvisor-branded sites make up the largest travel community in the world, with more than 50 million unique monthly visitors*, and over 50 million reviews and opinions. The sites operate in 30 countries worldwide, including China under daodao.com. TripAdvisor also operates TripAdvisor for Business, a dedicated division that provides the tourism industry access to TripAdvisor's millions of monthly visitors.
TripAdvisor and its 18 subsidiary travel sites, operated by TripAdvisor Inc., attract more than 65 million unique monthly visitors**. TripAdvisor's subsidiaries include: www.airfarewatchdog.com, www.bookingbuddy.com, www.cruisecritic.com, www.everytrail.com, www.familyvacationcritic.com, www.flipkey.com, www.holidaylettings.co.uk, www.holidaywatchdog.com, www.independenttraveler.com, www.onetime.com, www.seatguru.com, www.sniqueaway.com, www.smartertravel.com, www.travel-library.com, www.travelpod.com, www.virtualtourist.com, www.whereivebeen.com, and www.kuxun.cn.
TripAdvisor and the TripAdvisor logo are trademarks or registered trademarks of TripAdvisor Inc. in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
*Source: comScore Media Metrix for TripAdvisor Sites, Worldwide, August 2011
**Source: comScore Media Metrix for TripAdvisor Inc. and its subsidiaries, Worldwide, August 2011
©2011 TripAdvisor, Inc. All rights reserved.
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CONTACT: Jennifer Knapp +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com
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