Winners in the Kayak IPO

Faith Merino · July 20, 2012 · Short URL: https://vator.tv/n/2889

General Catalyst Partners, Sequoia, Accel, and Oak Investment make out big

Kayak made its public splash today and several key players emerged victorious. Closing at $33.18 a share—27% more than its starting price of $26, Kayak now has a valuation of over $1 billion. The stock saw a midday high of $35. With 3.5 million shares up for grabs, the company was looking to raise $91 million.

The company’s investors include General Catalyst Partners, Sequoia Capital, Accel Partners, and Oak Investment Partners.

General Catalyst Partners: With just north of 10.4 million shares—or 27% of the company’s stock, General Catalyst Partners came out on top. Its share of Kayak is now worth more than $343 million. General Catalyst Partners got involved early on and was one of the first investors, participating in Kayak’s $8.5 million Series A round alongside AOL. Later, General Catalyst participated in Kayak’s $7 million B round. (Partner Joel Cutler pictured at left.)

Sequoia Capital: Sequoia participated in Kayak’s Series B and D rounds and now claims 16% of the company with some 6.2 million shares. Now Sequoia’s share is worth $204 million. (Partner Michael Moritz pictured at right.)

Accel Partners: Accel jumped on the Kayak bandwagon during its Series C and D rounds for 4.8 million shares, or 12% of the company. Those shares are now worth $158 million. (Partner Harry Nelis pictured at left.)

Oak Investment Partners: Oak participated in Kayak’s Series D round and now owns 4.1 million shares worth $135.3 million.

Steve Hafner: CEO Steve Hafner owns 2.35 million shares, or 6.10% of the company. His share is now worth $77.5 million.

Paul English: CTO Paul English owns approximately three million shares, or 7.87% of the company—which is now worth $99 million.

Terrell Jones: The founder and former CEO of Travelocity, who is now chairman of the Kayak board, claims 291,500 shares, which are now ringing in at $9.6 million.