Hotel booking startup Trivago raises $287 million in IPO
Germany-based online hotel booking platform Trivago has raised $287 million in its initial public offering. Shares of the company rose as much as 10.7% to a high of $12.18 in their debut on Friday, valuing Trivago at about $2.89 billion. American travel agency Expedia owns a 62% stake in Trivago, for which it paid over $600 million in 2012.