TripAdvisor no longer belongs to Expedia. The largest online travel agency the world just spun off TripAdvisor, which is home to more than 50 mn reviews contributed by its traveling visitors. The newly independent TripAdvisor was worth $4 bn at the opening bell and has projected 2012 revenues of $804 mn.
It was an interesting time to go public, to say the least. Zynga’s IPO failed to impress, as did Groupon’s. Closer to home, Kayak has been in and out of the IPO pipeline a lot lately, it seems, as it mulls the benefits of staying private (as well as, I suspect, the prospect of increased competition from Google).
TripAdvisor now trades on NASDAQ under the symbol TRIP.
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Source: BostInno
Photo: @TripAdvisor