HomeAway Raises $195 Million from Stock Offering

HomeAway announced it has raised $195.3 million through a secondary stock offering of 6.9 million shares on the Nasdaq market.
The company’s stock, traded under the symbol AWAY, sold for $37 a share.
The Austin-based company has become the world’s largest online marketplace for vacation rentals.
HomeAway plans to use the money for general corporate expenses which may include acquisition of new companies, according to a news release. The company has acquired several companies recently in the Asia Pacific region.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. handled the sale of the stock.