Davis Polk advised Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. as representatives of the several underwriters on the $104.6 million initial public offering of 4,025,000 shares of Class A common stock of KAYAK Software Corporation, including 525,000 shares from the full exercise of the underwriters’ option to purchase additional shares. KAYAK’s common stock is traded on the NASDAQ Global Select Stock Market under the symbol “KYAK.”
KAYAK is a technology company providing free travel tools through its global websites and mobile applications. KAYAK allows users to easily research and compare accurate and relevant information when searching for flights, hotels, car rentals and vacations from hundreds of other travel websites in one comprehensive, fast and intuitive display.
The Davis Polk corporate team included partner Richard D. Truesdell Jr., associates Sarah Whittington, Erik Niit, Liang Dong and Roshni S. Banker and law clerk David Nestor. The tax team included partner Michael Farber and law clerk Isaac MacDonald. Associates David R. Bauer and Daniel Ray provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. Kristyn M. Dunleavy was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.
