HomeAway aims to raise $350m through share sale

HomeAway aims to raise $350m through share sale

HomeAway has outlined plans to raise $350 million through a share sale.

Part of the proceeds of the offering will go towards potential acquisitions and strategic transactions, the company said.

The details were outlined in a filing by the US-based holiday rentals firm to the Nasdaq market.

It plans to offer $350 million in convertible senior notes due in 2019 through a private placement.

The company also expects to grant the initial purchasers of the notes a 30-day option to buy up to an additional $52.5 million in notes to cover over-allotments.

HomeAway acquired Florida-based mobile guest management software developer Glad to Have You earlier this month.

HomeAway, founded in early 2005, operates websites listing holiday home rentals and employs more than 1,500 staff.

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