A team of Goodwin lawyers advised J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC as lead book-running managers in trivago’s initial public offering of 30, 026, 635 American depositary shares, raising approximately $330 million. A global hotel search platform, trivago shares priced at $11.00 per share and began trading on the NASDAQ Global Market on December 16, 2016 under the symbol “TRVG.” The offering closed on December 21, 2016.
Founded in 2005 and headquartered in Dusseldorf, Germany, trivago is a global hotel search platform focused on reshaping the way travelers search for and compare hotels. As of September 30, 2016, trivago’s global hotel search platform offered access to approximately 1.3 million hotels in over 190 countries. trivago’s platform can be accessed globally via 55 localized websites and apps in 33 languages.
For more information on the offering, please read the press release.