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Morning Report: Despegar.com’s IPO Shoots 15% Higher In Early Trading

Morning Report: The Despegar.com IPO is liveafter pricing at the top of its range. And the company is higher in early trading.

Crunchbase News previously dug into the Despegar.com IPO filing, noting an increase in profitability and recent revenue growth. But the picture wasn’t entirely upward and rightward. The firm had undergone a notable contraction in scale in 201 as it cut its marketing spend.

Investors, however, liked what they saw. Despegar.com priced at the upper-end of its range for $26 per share, raising$332 million . Today, it :

The company is up around 15 percent as of the time of writing.

Who is next on our IPO docket? That would be Roku, which is currently on the 28th of this month. That offering will have a bit of a larger splash in American media, as Roku is based here. Despegar.com, in contrast, is based in Argentina.

And then that’s mostly it for IPOs that we know about. There is word that and are prepping offerings, but we have yet to see the paperwork. Slack is off the radar for 2018, Uber is a mess, Lyft loses too much money, and Airbnb makes too much money. Dropbox continues doing Dropbox things. So after Roku, who knows if we’ll see many more offerings—especially if the Nasdaq slips.

Note: Our stock spreadsheet has been updated to reflect the addition of Despegar.com to the 2017 US-listed tech IPO cohort.

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Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

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