Homeaway Sets IPO Range at $24 to $27

Vacation rental website HomeAway Inc. will price its initial public offering between $24 and $27, the company said Thursday. Austin, Texas-based Homeaway has raised more than $500 million from a slew of top-tier venture firms, including Austin Ventures, Redpoint Ventures, Technology Crossover Ventures, Institutional Venture Partners and Google Ventures. The company operates websites including VRBO and Holiday-Rentals.

(Reuters) – Vacation rental website HomeAway Inc said in a filing on Thursday it would price its initial public offering between $24 and $27 a share.

The Austin, Texas-based company, which generated $167.9 million in 2010 revenue, expects net proceeds of about $137.2 million from the sale of 5.9 million shares, according to a filing with the U.S. Securities and Exchange Commission.

The company operates websites like HomeAway, VRBO, VacationRentals.com, FeWo-Direkt, Holiday-Rentals. (Reporting by Rachel Chitra in Bangalore; Editing by Roshni Menon)