Despegar.com files to raise $100m on NYSE

Despegar.com files to raise $100m on NYSE

Latin American online travel agent (OTA) Despegar.com has filed to raise $100 million in an initial public offering on the New York Stock Exchange.

The company operates in more than 20 countries and offers bookings for hotels, airlines, attractions, and car rentals.

It has asked to be listed under the symbol “DESP”.

Last year, Despegar.com entered talks with investment banks to be listed on the Nasdaq under its previous corporate name, Decolar.com Inc- which is uses in Brazil.

Despegar is controlled by New York-based investment firm Tiger Global Management LLC and Expedia is among the other shareholders.

In the first half of 2017, Despegar had 2.5 million customers and generated $248.5 million in revenue.

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