HomeAway, Inc. Prices Initial Public Offering

AUSTIN, Texas, June 28, 2011 /PRNewswire/ -- HomeAway, Inc., the world’s leading network of online vacation rentals, today announced its initial public offering of 8,000,000 shares of its common stock at a price to the public of $27 per share. The shares will begin trading on June 29, 2011, on the NASDAQ Global Select Market under the ticker symbol “AWAY.” Of the shares in the offering, 5,931,335 shares are being offered by HomeAway® and 2,068,665 shares are being offered by selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the same price per share to cover over-allotments, if any. HomeAway will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC are serving as joint book-running managers for the offering, with Stifel Nicolaus Weisel and Pacific Crest Securities LLC acting as co-managers.

A prospectus for the offering, when available, may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by email at prospectus@morganstanley.com, or by phone at (866) 718-1649; Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, by email at prospectus.cpdg@db.com, or by phone at (800) 503-4611; Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10004, by email at prospectus-ny@ny.email.gs.com, or by phone at (212) 902-1171; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by phone at (866) 803-9204.

A registration statement relating to shares of the common stock of HomeAway, Inc. has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About HomeAway

Located in Austin, Texas, HomeAway, Inc. operates the world's largest online marketplace for the vacation rental industry.  The HomeAway marketplace brings together millions of travelers seeking vacation rentals online with hundreds of thousands of owners and managers of vacation rental properties located in over 145 countries around the world. HomeAway's websites include HomeAway.com, VRBO.com and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es in Spain; AlugueTemporada.com.br in Brazil and HomeAway.com.au in Australia.  In addition, HomeAway operates BedandBreakfast.com, a comprehensive global site for finding bed-and-breakfast properties, providing travelers with another source for unique lodging alternatives to chain hotels.

SOURCE HomeAway, Inc.



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http://www.HomeAway.com

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