Deal lawyer Chris Manderson explores exit options for sponsors, including “emerging growth company” IPOs enabled by the JOBS Act, dividend recaps, real estate investment trusts and more.
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Venture-backed companies mature enough to sell shares to the public haven’t been rushing the door. Only 10 companies have floated shares since the start of May. But those that have enjoy pretty good results.
Norwalk, Conn. -based Kayak Software Corp. plans to raise as much as $50 million, Reuters reporter citing an IPO filing with the Securities and Exchange Commission. The operator of the Kayak.com website did not specify how many shares it plans to sell. Some of the major investors in the company that plan to sell shares in the IPO include: General Catalyst Partners, Sequoia Capital, Accel Funds and Oak Investment Partners.