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The Boston Globe

Business

Kayak raises $91m in long-delayed IPO

Online travel services company Kayak Software Corp. has raised $91 million in its long-delayed initial public offering, selling 3.5 million shares Thursday at a price of $26 – more than the range it earlier proposed, according to Bloomberg News.

Kayak, which is based in Concord and Norwalk, Conn., begins trading Friday on the Nasdaq Stock Market, under the symbol KYAK.

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