Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

HomeAway raising IPO for $230M, more than double Pandora’s IPO

Vacation rental search site, registered its initial public offering (IPO) under stock symbole “AWAY,” filing to sell $230 million worth of shares with no word of numbers of shares to be offered. Our sources indicate the IPO will most likely happen this summer.

Is it just me or does this feel like another run up on IPOs? Bloomberg points out that Pandora’s pending IPO filing is for $100M while LinkedIn is raising $175M, both eclipsed by the $230M for HomeAway.

HomeAway offers over half a million vacation rental listings in over 120 countries and last year bought several software companies to beef up their offering after sales jumped 40% in 2010.

Fat pockets in Austin

HomeAway is headquartered in Austin, very near to us at AGbeat and over the years, we’ve known several people who have worked for and invested in the company and they’ve been well known for being one of the most well funded companies in town with two rounds of funding for $250M and $500M.

Several people have “graduated” from HomeAway to start their own peripheral companies with their “HomeAway money” which as strengthened the startup scene in Austin.

Advertisement. Scroll to continue reading.

Why Realtors should know HomeAway

More important than the tech scene in Austin is what this major IPO filing means. Raising these kind of funds would help HomeAway to invest in more companies that strengthen their offering and at $300 per year to post a listing, Realtors should be familiar with the site in the event that clients want to entertain the option of renting out a listing that has been on the market for an extended period.

We thought vacation rentals would be hurting in a down economy, but our sources at HomeAway and elsewhere have shared with us offline that it is a booming sector and that consumers are deal seeking, not afraid to use the internet, and most of all, are looking to vacation rentals as a means of holding a property when traditional renters are not an option.

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.


Leave a Reply

Your email address will not be published. Required fields are marked *


American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.




Austin does not seem accepting of the “gig” economy, having shut down ridesharing recently. The latest target is Short-Term-Rentals (STRs) like AirBnB or HomeAway.

Business News

HomeAway's Stay Neighborly initiative includes a no-tolerance policy for disruptive behavior of short-term home rental owners and travelers. The program pilots in Austin shortly.

Housing News

(Housing News) Real estate investment purchases declined last year, nearly half of which were distressed. Vacation home purchases dipped 29.7% in the same period.

Business News

HomeAway has tapped into the burgeoning luxury market with a new site of hand-selected luxury vacation rental listings.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.