Is Hooper inching closer to an IPO? A Bloomberg story Tuesday teased a Hopper IPO with the headline, Travel App Hopper Eyes Long-Term IPO Plan, $10 Billion Valuation.
Hopper, founded in 2007, has long had plans for an IPO. It has raised $730 million in funding during its 18 year history.
At Skift Global Forum in 2023, Hopper co-founder and CEO Fred Lalonde said the travel app would eventually go public, but the priority at the time was to get profitable and scale the business.
That was a rough period for Hopper. Two months earlier, Expedia Group had loudly severed ties with it, cutting off Hopper’s largest supply of hotel inventory. A few weeks after the Skift event, Hopper preemptively ended its hotel relationship with Booking.com before Booking.com could announce a breakup.
Hopper’s main revenue streams are fintech products (freezing fares and cancelling bookings for any reason), hotels and flights. In October…
