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Online travel firm raises $332 million

Profile Photo By: Steve Shellum
September 21, 2017

Online travel firm raises $332 million

Buenos Aires, Argentine – 21 September 2017 –
Online travel company Despegar.com met its goal of raising US$332 million in the first overseas initial public offering for an Argentine company in more than 16 months.

The Buenos Aires-based online booking company, which operates under the Despegar brand in most of Latin America and Decolar in Brazil, sells hotels, airline tickets, travel packages and other related products.

Latin America online travel bookings are projected to grow 12.5 percent to approximately US$47.6 billion by 2020, according to dataRead More

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