The travel booking website is expected to offer 3.5 million shares priced between $22 and $25 a share.
More than a year and a half after filing for an IPO estimated at $50 million, Kayak is finally preparing to go public.
The company will sell 3.5 million shares of its class A stock, and anticipates the share price to be between $22 and $25 per share, according to the company's most recent S-1 filing with the SEC.
Based upon a median share price of $23.50 per share, the company plans to net $72.7 million from the IPO after deducting the financial services costs of going public. Kayak--a website that allows users to compare airfare and hotel prices across several sites--said in the filing that it plans to use the money for working capital and "general corporate purposes."
In the first quarter of 2012, Kayak says, it generated more than $73 million in revenue. That's a 39% increase from the 2011 first quarter, when revenue was more than $52 million, according to the document.
Kayak spokeswoman Jessica Casano-Antonellis declined to comment on the public offering and instead directed attention to the company's S-1 filing and video used for its investor roadshow.
Kayak was one of many technology companies that reportedly postponed plans to go public following the fumbled Facebook IPO; the social networking giant experienced technical difficulties on its first day of trading and had a subsequent 30% drop in share price.
JOHN MCDERMOTT is a business and culture reporter whose work has appeared in the Chicago Tribune and Playboy and on AOL.com. He recently moved from Chicago to Brooklyn, New York, to work for Inc.com. @J_M_McDermott