Kayak And Palo Alto IPOs Looking Better Than Facebook?s (Whew!)

Happy IPO Friday! Two tech startups are making their public debuts today: Palo Alto Networks and Kayak Software, and so far, so good on both. Morgan Stanley, scapegoat for the troubled Facebook IPO brouhaha, is leading both, for what it's worth. Kayak priced its IPO last night at $26 per share, and is looking to raise $91?million?at a valuation of $1 billion. Originally, the travel company was looking at shares priced between $22 and $25. Palo Alto, meanwhile, offered 6.2 million shares at $42 each, after raising the price range from $38-$40 last week, which was up from $34-$37, originally. Both are now trading up.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/cHq9f6xdFJg/

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