trivago (Nasdaq: TRVG) Rings The Nasdaq Stock Market Opening Bell in Celebration of Its IPO. (image: Nasdaq)
NEW YORK, Dec. 16 (Korea Bizwire) — 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
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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.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of $10.0 trillion and approximately 18,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com
NDAQG
Media Relations Contacts:
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal@nasdaq.com
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com
trivago Media Contact:
Sydney Burdick
sydney.burdick@trivago.com
Source: NASDAQ, Inc. via GLOBE NEWSWIRE
