Trivago parent company Travel BV filed its initial public offering paperwork with the US Securities and Exchange Commission on Monday, offering Class A stock for $13 to $15 share.
The Dutch company said it will offer 18.1 million American Depositary Shares and certain shareholders are offering 10.4 million shares. The stock will be listed on the NASDAQ Global Select Market under the ticker TRVG, Trivago said.
After the offering is complete, all class B shares of the company will be held by Expedia (EXPE) which owns about 63% of Travel BV, the company said. Expedia executives will decide how to proceed with the post-IPO corporate reorganization once the offering is complete, the company said.
“Whether we are able to implement the post-IPO corporate reorganization within four months after such determination depends on how quickly we are able to submit necessary filings to government authorities, have such filings registered by such authorities and, if applicable, conclude discussions with employees regarding their supervisory board participation rights in our German subsidiary under German law,” the company said in the SEC filing.