NASDAQ OMX Group, Inc. : NASDAQ Welcomes Travel Site KAYAK (NASDAQ:KYAK) to The NASDAQ Stock Market
07/20/2012| 04:40pm US/Eastern
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NEW YORK, July 20, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX
Group, Inc. (Nasdaq:NDAQ) today announced that KAYAK
(Nasdaq:KYAK), a leading travel online search engine,
successfully completed its initial public offering on The
NASDAQ Stock Market. KAYAK shares began trading today, July
20, 2012, on The NASDAQ Global Select Market under the ticker
symbol "KYAK".
KAYAK is a travel search engine that allows users to research
and compare hundreds of global travel sites on one
comprehensive, fast and intuitive platform. KAYAK was founded
in 2004 by the co-founders of leading online travel agencies,
Orbitz, Expedia and Travelocity. By offering a unique
and improved approach to online travel, customers are able to
view a wider range of hotel, flight, rental car or cruise
possibilities for an upcoming trip. KAYAK is partnered
through advertising with over 4,000 of the travel suppliers
and online travel agencies, including the leading providers
in each travel sector.
"KAYAK has transformed the way people make informed
travel decisions, allowing users to compare hundreds of
travel sites at once in one fast and intuitive display,"
said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate
Client Group. "KAYAK's sophisticated search engine
truly exemplifies the innovative nature of NASDAQ listed
companies and we are thrilled to welcome them to our
exchange."
Since its foundation, NASDAQ OMX has consistently been the
exchange of choice for some of the world's largest and
most revolutionary companies. By listing with NASDAQ,
KAYAK joins leading internet and technology companies such as
Google, Expedia, TripAdvisor and Home Away.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX
Group, Inc., fuels economies and provides transformative
technologies for the entire lifecycle of a trade - from risk
management to trade to surveillance to clearing. In the U.S.
and Europe, we own and operate 24 markets, 3 clearinghouses
and 5 central securities depositories supporting equities,
options, fixed income, derivatives, commodities, futures and
structured products. Able to process more than 1 million
messages per second at sub-40 microsecond speeds with 99.999%
uptime, our technology drives more than 70 marketplaces in 50
developed and emerging countries into the future, powering 1
in 10 of the world's securities transactions. Our
award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately
3,400 listed companies worth $6.2 trillion in market cap
whose innovations shape our world, we give the ideas of
tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ
OMX Century. To learn more, visit www.nasdaqomx.com. Follow us
on Facebook ( http://www.facebook.com/NASDAQ)
and Twitter (http://www.twitter.com/nasdaqomx).
(Symbol: NDAQ and member of S&P 500)
The information contained above is provided for informational
and educational purposes only, and nothing contained herein
should be construed as investment advice, either on behalf of
a particular security or an overall investment strategy.
Neither The NASDAQ OMX Group, Inc. nor any of its affiliates
makes any recommendation to buy or sell any security or any
representation about the financial condition of any company.
Statements regarding NASDAQ-listed companies are not
guarantees of future performance. Actual results may differ
materially from those expressed or implied. Past performance
is not indicative of future results. Investors should
undertake their own due diligence and carefully evaluate
companies before investing. ADVICE FROM A SECURITIES
PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Jennifer Knapp
+1 212 401 8916
Jennifer.Knapp@nasdaqomx.com
Source: The NASDAQ OMX Group, Inc.
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