United Kingdom
United States
Asia Pacific
Cheapflights weighs up IPO among strategic options
Online price comparison company Cheapflights has appointed advisors to consider potential future options including an IPO.
Other possibilities include private equity investment or strategic partnerships for the company which was established 11 years ago and has been consistently profitable
CEO David Soskin, announcing the appointment of independent corporate finance advisory house LongAcre Partners, said: “We are looking to LongAcre to advise us on the optimum way to fuel our future growth, as well as to reward our shareholders and staff.
“We have no preconceptions as to the manner in which this can be achieved. Cheapflights is currently experiencing dramatic growth in Europe and North America.
“In considering our strategic options, LongAcre will take into account not only our shareholders and dedicated employees, but also the interests of our millions of users and the hundreds of travel industry advertising partners whose loyalty has been such a vital component of our success to date.”
LongAcre managing director Eric Lawson-Smith said: “Cheapflights is one of the UK’s most successful online properties. It is one of very few European internet companies to have been truly successful in the demanding US market.
“Its strategic position as one of the most active providers of qualified leads to the travel industry places the company firmly at the heart of the most exciting and valuable part of the internet value chain.
“Cheapflights’ proven international business model and blue-chip customer base makes it an ideal platform for further international expansion.”
by Phil Davies
Related News Stories:
Phil Davies
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled