NEW YORK, Dec. 16, 2016 (GLOBE NEWSWIRE) — trivago (Nasdaq:TRVG), a global hotel search platform, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
Photos accompanying this announcement are available at
trivago strives to be the traveler’s first and independent source of information for finding the ideal hotel at the lowest rate. trivago makes sense of a fragmented online hotel market and reshapes the way that travelers search for and compare hotels online, by aggregating information from a deep supply of hotels and websites to paint a precise picture of each hotel. In the twelve months ended September 30, 2016, the company had 487 million qualified referrals and offered access to approximately 1.3 million hotels in over 190 countries.
“trivago’s sustainable, scalable, test-based approach to marketing combined with our diverse, learning-based, entrepreneurial culture, has enabled us to keep our start-up speed as we grow. Through a synergy of international perspective and analytical decision-making, we have been able to quickly develop into a leading global brand for searching for hotels online,” said Rolf Schrömgens, Founder and Managing Director, trivago.
“trivago is built by a team of passionate, creative visionaries and entrepreneurs who focus on making the travel experience more personal, transparent and efficient,” said Nelson Griggs, Executive Vice President, Global Listings, Nasdaq. “As the exchange of choice to the world’s leading technology companies, we are thrilled to welcome trivago to the Nasdaq family. We look forward to supporting the company as they continue to revolutionize the travel industry with leading product and superior user experience.”
As of September 30, 2016, Expedia, Inc. (Nasdaq:EXPE) owned 63.5% of the economic and voting rights attributable to the shares of trivago. Following the completion of the IPO and assuming completion of the post-IPO merger, Expedia would remain the majority shareholder with 64.6% of the voting rights and 60.2% of the economic rights in trivago; the founders would own 34.6% of the voting rights and 32.3% of the economic rights.
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