• Newly Public HomeAway Reports Q2 Revenue Up 41 Percent To $58.7M, Profit Down 85 Percent

    Newly Public HomeAway Reports Q2 Revenue Up 41 Percent To $58.7M, Profit Down 85 Percent

    Newly public home rental service HomeAway is reporting second quarter earnings today, posting a 40.9 percent revenue growth, to $58.7 million in the second quarter, compared to $41.6 million in the second quarter of 2010. The company said growth was buoyed by renewal rates, coupled with increases in new listings and revenue per listing. Net income for the quarter was $2.2 million compared to… Read More

  • Raising The Most Money Doesn't Mean Your Company Will Become The Most Valuable

    One of my favorite recent blog posts is Seth Godin’s “Getting funded is not the same as succeeding.”   Whether or not we’re in a bubble, it’s a sign of the times that this post has to be written in the first place.   As Josh Elman tweets, we’ve gone from RIP Good Times to funding a grilled cheese company in less than three years (Sequoia was involved in… Read More

  • How This Year's Tech IPOs Are Doing, And Who's Next

    Bubble or not, 2011 may go down as the year of the tech IPO. Not since the last bubble have we seen so many technology companies clamoring to go public. And halfway through the year, we still have many more companies who will be listing on either the NASDAQ or the NYSE in the next six months. Here’s a roundup of the tech companies that have gone public, where they are trading now, and who… Read More

  • HomeAway IPO Shares Pop 39 Percent, Market Cap Reaches $3 Billion

    Vacation home rental service HomeAway has begun trading on the NASDAQ this morning under the symbol ‘AWAY’, with the shares trading as high as $37.10. giving the company a market cap of $3 billion. That’s an increase of 39 percent, up from the company’s initial pricing of $27 per share last night. HomeAway, which filed for an IPO in March, raised $216 million in the… Read More

  • HomeAway Prices IPO At $27 Per Share With A Market Cap Of $2 Billion

    Vacation home rental service HomeAway has priced its IPO, which is set to begin trading tomorrow morning at $27 per share, giving the company a valuation of $2 billion. The company aims to raise as much as $248 million in the offering. Last week, HomeAway priced the range of its offering between $24 and $27 per share, so this final pricing is at the high end of the range. The… Read More

  • HomeAway Prices IPO Between $24 And $27 Per Share, Now Valued At $2 Billion

    This is no doubt that this is the year of technology IPOs. Vacation home rental service HomeAway has set the price range of its offering, pricing the range between $24 and $27 per share, valuing the company at a whopping $2 billion. HomeAway aims to raise as much as $248 million in the offering and will list its stock on the NASDAQ under the symbol “AWAY.” HomeAway, which filed for… Read More

  • HomeAway Acquires Social Vacation Rentals App Second Porch

    Vacation rentals giant HomeAway has made an acquisition today—social vacation rentals platform Second Porch. Terms of the deal were not disclosed. Second Porch, which launched in 2009, helps you find and share vacation rentals through your social circle on Facebook. The site’s Facebook app allows owners create a free property listing that can be broadcast to your Facebook friends. Read More

  • HomeAway Broadens Presence In Australia With Acquisition Of Vacation Rental Site RealHolidays

    As it prepares for a public offering, vacation rental giant HomeAway is continuing its aggressive acquisition strategy with the purchase of realholidays.com.au, the Australian vacation rental brand of REA Group Limited. Terms of the deal were not disclosed. The acquisition broadens HomeAway’s presence in the Australian market, and into the Asia-Pacific region.Currently HomeAway has… Read More

  • Vacation Home Rental Service HomeAway Files For $230 Million IPO

    Vacation home rental service HomeAway has just submitted its S-1 filing with the SEC, indicating that it will file for a public offering in the next few months. The maximum proposed total offering price is $230 million but this could be just a placeholder amount. HomeAway has raised close to a half a billion dollars in venture funding, and in its most recent investment round was valued at… Read More

  • Google Ventures Invest In HomeAway At $1.4 Billion Valuation

    Google Ventures has invested in Austin, Texas based HomeAway, a vacation home rental service, at a $1.4 billion valuation, we’ve heard from a source. The New York Times first broke the story, but doesn’t have details on valuation or amount invested. Our source says Google Ventures invested somewhere around $25 million in the company. Google Ventures bought stock directly from… Read More

  • HomeAway Buys Vacation Rental Management Software Company

    Online vacation rental marketplace operator HomeAway this morning announced that it has agreed to acquire Instant Software, makers of vacation rental management software. With the purchase, HomeAway is able to expand its suite of product offerings for professional vacation rental managers. Terms of the acquisition were not disclosed, but it’s likely material for HomeAway as it will… Read More