Norwalk’s Kayak Software Corp. raised $93 million through an initial public offering.
The online travel service announced Friday pricing of its 3.5 million class A common at $26 each. All shares were offered directly by Kayak.
Underwriters have a 30-day option to sell another 525,000 shares that could generate another $13.65 million.
Morgan Stanley and Deutsche Bank Securities are acting as joint book-running managers for the offering. Piper Jaffray, Stifel Nicolaus Weisel and Pacific Crest Securities are co-managers for the offering.
