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Wotif.com raises £72 million in IPO
Thursday, 05 Jun, 2006
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Australian-based accommodation website Wotif.com has raised more than £72 million through an Initial Public Offering (IPO).
The IPO on the Australian Stock Exchange values the company at almost £171 million after the offer was heavily oversubscribed.
Brisbane-based Wotif was formed six years ago by CEO Graeme Wood and now has offices in the UK, New Zealand, Singapore, Malaysia and Canada.
It claims to process more than 110,000 bookings a month covering 7,000 properties in 35 countries.
Report by Phil Davies
Phil Davies
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