Despegar.com Priced, NYSE: DESP

Leading online travel agency in Latin America.

Industry: Technology

Latest Trade: $12.45 0.00 (0.0%)

First Day Return: +22.2%

Return from IPO: -52.1%

Industry: Technology

We are the leading online travel company in Latin America, known by our two brands, Despegar, our global brand, and Decolar, our Brazilian brand. We have a comprehensive product offering, including airline tickets, packages, hotels and other travel-related products, which enables consumers to find, compare, plan and purchase travel products easily through our marketplace. We provide our network of travel suppliers a technology platform for managing the distribution of their products and access to our users. We believe that our focus on the underpenetrated Latin American online travel market, our knowledge of the consumer and supplier landscape in the region and our ability to manage the business successfully through economic cycles will allow us to continue our industry leadership. In the six months ended June 30, 2017 and the year ended December 31, 2016, we had approximately 2.5 million and 4.0 million customers, generating $248.5 million and $411.2 million in revenue, respectively. Our gross bookings were $2.1 billion and $3.3 billion in the six month ended June 30, 2017 and the year ended December 31, 2016, respectively.
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IPO News for Despegar.com
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IPO Data
IPO File Date 08/15/2017
Offer Price $26.00
Price Range $23.00 - $26.00
Offer Shares (mm) 12.8
Deal Size ($mm) $332
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/19/2017
Offer Price $26.00
Price Range $23.00 - $26.00
Offer Shares (mm) 12.8
Deal Size ($mm) $332
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Buenos Aires, Argentina
Founded 1999
Employees 2,781
Website www.despegar.com