Hotel booking platform Trivago jumps 10.7 percent in IPO debut

(Reuters) – Shares of Trivago rose as much as 10.7 percent in their debut on Friday, valuing the hotel booking platform at about $2.89 billion. Düsseldorf, Germany-based Trivago's stock rose to a high of $12.18 in early trading. Trivago, which is mostly owned by U.S. online travel firm Expedia Inc, offered 26.1 million American depository shares (ADS) at $11 each on Thursday, raising $287 million for the company and selling shareholders.

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