Credit: Shutterstock photoDespegar.com, which is leading online travel agency in Latin America, raised $332 million by offering 12.8 million shares at $26, the high end of the range of $23 to $26. Insiders intended to sell 32% of the deal. Backed by Tiger Global and Expedia ( EXPE ), Despegar.com plans to list on the NYSE under the symbol DESP. Morgan Stanley and Citi acted as lead managers on the deal.
The article Despegar.com prices IPO at $26, the high end of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
