- Expedia (NASDAQ:EXPE) has picked JP Morgan, Goldman Sachs and Morgan Stanley as global coordinators for its planned IPO of Trivago, sources tell Reuters.
- The IPO will likely take place this year or early 2017.
- Citi, Bank of America and Deutsche Bank are bookrunners.
- CEO Dara Khosrowshahi told investors in July that management and Trivago's founding team had agreed to an IPO to value Trivago as a stand-alone company.
- Expedia also said that Trivago had generated revenue of more than $660M on a trailing 12-month basis and that revenue had grown sixfold since it acquired Trivago in 2012.