As you probably know by now, HomeAway is about to go public. They filed for an IPO in March and will join other web companies aiming to go public this year, such as Groupon and Zillow.
A few days ago HomeAway priced its shares for the initial public offering between $24 and $27, which values the company at $2 billion. The company is looking to raise as much as $248 million with the offering.
HomeAway is the largest online marketplace for vacation rental properties, and its finances appear healthy. In 2010, HomeAway had $167.9 million in revenues, which is an increase by 39.6% from 2009. Net income for 2010 was $16.9 million, which was up from $7.6 million in 2009.
At Barefoot, provider of property management software, we are eager to see if the market will treat HomeAway like they did with LinkedIn, whose price sky rocketed after the initial offering, or like Pandora, whose price fell below the initial offering price as early as the second day on the market.