HomeAway.com In Talks For A $300 Million IPO

HomeAway.com is in talks with several banks about a $300 million IPO according to BusinessWeek sources. The banks that HomeAway is talking to include Morgan Stanley, Deutsche Bank AG, JPMorgan Chase & Co., and Goldman Sachs.

HomeAway was founded in 2005 and raised $500 million in private funding from Austin Ventures, Redpoint Ventures, Technology Crossover Ventures, and Institutional Venture Partners (IVP).

HomeAway is a website where you can rent houses, apartments, condos, etc. for vacations on a nightly or weekly basis. HomeAway currently has about 540,000 rental listings across 120 countries. Homeowners pay an annual fee of about $300 to post their properties.

[BusinessWeek]

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