MarketWatch  Jul 22  Comment 
Investors are betting on listed sharing-economy startups, while waiting for a large initial public offering this fall.
Benzinga  Jun 24  Comment 
The unicorn startup Airbnb's reported $24 billion valuation suggests there might be big upside to HomeAway, Inc. (NASDAQ: AWAY), an analyst said Wednesday. "The valuation gap doesn't make sense," Macquarie's Tom White, who noted a Wall Street...
Benzinga  Jun 17  Comment 
Pier 1 Imports Inc (NYSE: PIR) gained 5 percent to $12.62 after the company posted first-quarter results and reaffirmed its outlook. BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) rose nearly 6 percent in late trading Wednesday to $130.81. The...
Benzinga  Jun 11  Comment 
Analysts at Stephens & Co. initiated coverage on HomeAway, Inc. (NASDAQ: AWAY) with a Overweight rating. The target price for HomeAway is set to $40. HomeAway shares have gained 1.90 percent over the past 52 weeks, while the S&P 500 index has...
Forbes  Jun 8  Comment 
E-commerce software provider Bigcommerce named former HomeAway COO Brent Bellm as its new CEO.
TheStreet.com  Jun 5  Comment 
NEW YORK (TheStreet) -- On June 1, HomeAway   and Priceline Group's KAYAK announced an agreement to display HomeAway vacation rentals on KAYAK's website, with integration expected to be live by the end of the year with nearly 200,000...
Benzinga  Jun 4  Comment 
In a report published Thursday, Macquarie Capital analyst Tom White analyzed paid and organic search listings on Google.com for over 180 vacation rental markets globally. "The online vacation rental industry is transitioning from a...


HomeAway (NASDAQ:AWAY) is an online vacation rental company that provides a virtual market space where users can post their privately-owned homes for rent. The company has funished villas, resort homes, cabins, secondary vacation living spaces from all over the world with over 9.5 million unique viewers per month. The company's business model allows viewers to browse the website freely at no charge while the property managers and owners pay an annual listings fee. Additional tools and software add-ins are also available for a fee in order to facilitate postings and updates. [1]

Business Overview

For the full year 2010, KiOR posted $168M in revenue and $16.9M in net income. This was a 40% increase in revenue and 120% increase in net income as compared to the previous year.[2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on June 28, 2011. The company offered 8M shares each for $27 at the high end of the the $24-$27 initial price range. The offering raised only a total of $216M. The lead managers of the IPO were Morgan Stanley (MS), Deutsche Bank AG (DB), Goldman Sachs Group (GS) and J P Morgan Chase (JPM). [3]

Trends & Forces

Opportunity to Improve Inefficient Vacation Rental Market

The vacation rental market is a highly fractionated and inefficient market space with significant opportunity for online advertising. In the past, vacationers have not had very many consolidated locations to compare offers or explore new travel locations. Historically many property managers have also had issues being to maximize revenues by renting locations during low periods. These inherent market inefficiencies have largely been reduced with online marketing services similar to the ones that HomeAway provides. Similar to EBay (EBAY) and other e-commerce companies, the sellers rely on customer feedback ratings and reviews to develop credibility with potential renters. [4]

  1. HomeAway S-1/A 2011 SUMMARY "Overview" pg 1-2
  3. Renaissance Capital - IPO Home "HomeAway prices IPO at $27, at high end of the range" 28 June 2011
  4. HomeAway S-1/A 2011 PROSPECTUS SUMMARY "The Vacation Rental Industry" pg1-3
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