House rental facilities HomeAway Vacation has just introduced its S-1 with the SEC, indicating that it will present a public offer in the coming months. The proposed maximum offering price total is $ 230 million, but this could just be a placeholder amount.
HomeAway has raised nearly half a billion dollars in hedge funds, and its most recent round of investment was valued at $ 1.4 billion. HomeAway, which has been sensed an initial public offering, which currently offers rental apartments across 31 websites in 11 languages ??and lists provided by vacation rental located in over 145 countries. In 2010, their Web sites averaged more than 9.5 million unique monthly visitors.
According to the presentation, HomeAway was 167.9 million U.S. dollars in 2010 revenue, which is up 39.6% from 2009. In 2010, 37.9% of the company's revenue came from outside the United States, including Europe, 36.6% and 1.3% in Latin America. In 2010, the rental listings contributed 91.1% of the proceeds from HomeAway. Net income for 2010 was $ 16.9 million, up from $ 7.6 million in 2009. And the company says there is plenty of room for growth in the rental market rent is worth $ 85 billion in 2010 in the United States and Europe.
With the new capital, HomeAway says it will further expand through organic growth and acquisitions in selected markets. Already, the company has had an aggressive acquisition strategy, the most recent purchase of rental management software company, Instant Software.
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