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Expedia picks bankers for Trivago IPO

Sep. 16, 2016 9:07 AM ETExpedia Group, Inc. (EXPE) StockEXPEBy: Eli Hoffmann, SA News Editor
  • 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.

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