15 Dec

Trivago’s Expected IPO on December 16

WRITTEN BY Ally Schmidt

IPO filing

Trivago, Expedia’s (EXPE) German hotel booking site, filed for an IPO in the United States on November 14, 2016. Its American depositary receipts (or ADRs) will be listed under the symbol TRVG on the NASDAQ. The IPO will be filed through a holding company, Travel BV.

Trivago plans to have two classes of shares. Class A shares are currently held by Trivago’s management, including Rolf Schroemgens, Peter Vinnemeier, and Malte Siewert. These will be available for sale to the public under the Trivago IPO. Class B shares are held by Expedia and will not be available for sale.

Trivago’s Expected IPO on December 16

Expedia (EXPE) makes up 1.4% of the Guggenheim S&P 500 Pure Growth ETF (RPG). This ETF also invests 0.99% in Expedia’s rival Priceline (PCLN) and 0.63% in TripAdvisor (TRIP). However, it has no holdings in leading Chinese OTA (online travel agency) player Ctrip.com (CTRP).

Expected date and other IPOs

The expected date for the Trivago IPO is Friday, December 16. This will most likely be the last IPO of 2016.

Other expected IPOs for December 2016 include WildHorse Resource Development, an energy company, and TiGenix, a stem cell therapy specialty company. WildHorse Resource Development’s expected IPO date is December 14 and TiGenix’s is December 15.

Series overview

In this series, we’ll look at Trivago’s potential IPO pricing. We’ll discuss how Trivago intends to use the proceeds of the IPO, the buzz surrounding its ads, and the key points about Trivago you should know before considering an IPO investment. We’ll wrap up the series with a discussion on IPO market performance for 2016.

You can also read our previous coverage on the Trivago IPO in Trivago Filed for Initial Public Offering: What Does That Mean?

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

172.31.59.107