DUSSELDORF, Germany, Dec 21, 2016 (PR Newswire Europe via COMTEX) — trivago N.V., a global hotel search platform (the Company), today announced the closing of its initial public offering of American depositary shares (ADSs) representing Class A shares at $11.00 per ADS and the exercise in full of the underwriters’ option to purchase additional ADSs. The Company sold 20,826,606 ADSs in the offering and certain shareholders of the Company sold 9,200,029 ADSs in the offering, including 2,716,515 ADSs offered and sold by the Company and 1,200,002 ADSs offered and sold by the selling shareholders pursuant to the exercise in full of the underwriters’ option to purchase additional ADSs. trivago estimates its net proceeds from the offering to be approximately $212 million after deducting underwriting discounts and commissions and estimated offering expenses.
J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC acted as lead book-running managers. Allen & Company LLC, BofA Merrill Lynch, Citigroup Global Markets, Inc. and Deutsche Bank Securities Inc. acted as bookrunners and Cowen and Company, LLC and Guggenheim Securities, LLC acted as co-managers.
The offering was made only by means of a prospectus. Copies of the prospectus relating to these securities may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, or by calling 866-803-9204; Goldman, Sachs & Co., Attn: Prospectus Department, 200…