Hostelworld raises €180m from IPO

Irish travel website begin trading in Dublin and London

Hostelworld founder Ray Nolan Pic: RollingNews.ie

Travel website Hostelworld has raised €180 million from its Initial Public Offering (IPO).

The Irish company, which also owns Hostels. com and HostelBookers.com, began trading today on the Irish Stock Exchange’s main securities market.

Its initial offer price was set at 185 pence a share (€2.55), valuing it at about €245 million.

Shares in the company, which will mainly trade in London, last week jumped to 198.5 pence where it stayed for most ...