The vacation rentals company recently revealed that it reached profitability in the first quarter of this year, and now says it is aiming to raise up to $248 million in the offering.
The HomeAway network of sites includes homeaway.com, VRBO.com and vacationrentals.com in the US, homeaway.co.uk and ownersdirect.co.uk in the UK, homeaway.de in Germany, abritel.fr and homelidays.com in France, homeaway.es in Spain, and aluguetemporada.com.br in Brazil. In April, HomeAway added an Australian portal to this network, acquiring REA Group’s realholidays.com.au.
“In 2010 and in the three months ended March 31, 2011, we generated revenue of $167.9 million and $52.0 million, respectively, representing year-over-year growth of 39.6 percent and 43.9 percent, respectively,” HomeAway’s filing explains. “We view our market opportunity as global, and, in 2010, 37.9 percent of our revenue came from outside the United States, including 36.6 percent from Europe and 1.3 percent from Latin America.”
zillow.com also filed for a $51.75 million IPO in April this year, revealing 2010 revenue of US$30.5 million, net loss of $6.7 million, and $13.7 million in cash.