The online travel company dropped its amended S-1 form Monday morning, in which it disclosed it will offer 4 million shares. The company also reported that for the first fiscal quarter of 2012, it earned $4.1 million on revenues of $73.3 million compared to a $6.9 million loss for the first quarter of 2011. That's a 39% jump in revenues over Q1 2011.
Though a date hasn't been set for Kayak's IPO, the company has disclosed that it will trade on Nasdaq under the symbol "KYAK." Meanwhile, the $87.5 million figure is below earlier reports that had pegged it at $150 million.
The popular travel search engine had originally filed to go public in November 2010 but has held off because of turbulent market conditions.
Kayak's IPO will be one of the largest in the tech/social media sector since Facebook's in May. That company's highly anticipated offering has been viewed as a disappointment, opening at $38 and earning just 23 cents on its first day. The stock was trading at $31.73 Monday morning.
Bonus: How the social media IPOs of 2011 fared.