Nasdaq Welcomes trivago (Nasdaq: TRVG) to The Nasdaq Stock Market
(Thomson Reuters ONE) -
NEW YORK, Dec. 16, 2016 (GLOBE NEWSWIRE) -- 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
http://www.globenewswire.com/NewsRoom/AttachmentNg/dee03818-955a-4396-b97e-
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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(at)nasdaq.com
Emily Pan
(646) 441-5120
emily.pan(at)nasdaq.com
trivago Media Contact:
Sydney Burdick
sydney.burdick(at)trivago.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 16.12.2016 - 17:35 Uhr
Sprache: Deutsch
News-ID 513500
Anzahl Zeichen: 5422
contact information:
Town:
New York
Kategorie:
Business News
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