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HomeAway Prices Follow-On Offering

AUSTIN, Texas, Dec. 11, 2013 (GLOBE NEWSWIRE) -- HomeAway, Inc. (Nasdaq:AWAY), the world's leading online marketplace for vacation rentals, today announced the pricing of an underwritten public offering of 6,018,630 shares of its common stock at a price to the public of $37.00 per share. A total of 5,500,000 shares are being offered by HomeAway, and a total of 518,630 shares are being offered by the selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 902,794 shares to cover over-allotments, if any. The offering is expected to close on December 17, 2013.

HomeAway intends to use the net proceeds of this offering for general corporate purposes, which may include acquisitions or license of, or investment in, products, services, technologies or other businesses. HomeAway will not receive any proceeds from the sale of shares by the selling stockholders.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are joint book-running managers of the offering. Stifel, Nicolaus & Company and Pacific Crest Securities LLC, Incorporated are acting as co-managers.

The offering of these securities is being made only by means of an effective registration statement (including a preliminary prospectus for the offering) filed with the U.S. Securities and Exchange Commission on December 10, 2013. Copies of the preliminary prospectus may be obtained from: Deutsche Bank Securities Inc. at 60 Wall Street, Attention: Prospectus Group, New York, NY 10005-2836, by email at prospectus.CPDG@db.com or by phone at (800) 503-4611; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, or by phone at (866) 471-2526; or Morgan Stanley & Co. LLC, Attention Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by email at prospectus@morganstanley.com, or by phone at (866) 718-1649.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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