Expedia’s Trivago files for $400 Nasdaq share offering

Expedia’s Trivago files for $400 Nasdaq share offering

Expedia’s German hotel-booking site Trivago has filed for a stock market listing in the US.

Trivago, through holding company Travel BV, filed an IPO size of $400 million – a ‘placeholder’ amount that may change.

It is seeking to list its American depositary receipts on the Nasdaq under the symbol TRVG, according to a regulatory filing.

Trivago will have two classes of shares after the offering. The company plans on selling Class A shares to the public, according to the filing. Those shares are currently held by Trivago management including Rolf Schroemgens, Peter Vinnemeier and Malte Siewert.

Class B shares will be held solely by Expedia, which does not plan to sell its stake.

Expedia first bought into Trivago in 2012, paying about $628 million in cash and stock for 61.6% of the company.

The acquisition was part of a push by Expedia to expand its presence in Europe.

Trivago posted a net loss of $57.8 million on revenue of $425.6 million in the first nine months of this year, according to the filing.

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