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HomeAway Files For IPO

Austin-based HomeAway, the online marketplace for vacation rental properties, has filed to raise as much as $230M in an IPO. The firm's IPO is being underwritten by Morgan Stanley, Deutsche Bank Securities, Goldman Sachs & Co, J.P. Morgan, Stifel Nicolaus Weisel, and Needham & Company. The firm said it has applied to list as "AWAY", but has not yet selected an exchange. HomeAway is venture backed by Austin Ventures, Redpoint Ventures, Technology Crossover Ventures, Institutional Venture Partners, and Tiger Global Management. The firm said it had net income of $16.9M on revenues of $167.88M for the year ended December 31, 2010.