Despegar.com, which is leading online travel agency in Latin America, raised $332 million by offering 12.8 million shares at $26, the high end of the range of $23 to $26. Insiders intended to sell 32% of the deal. Backed by Tiger Global and Expedia (NYSE: EXPE), Despegar.com plans to list on the NYSE under the symbol DESP. Morgan Stanley and Citi acted as lead managers on the deal.
