Canada: Gen Z- and millennial-friendly online travel agency [OTA], Hopper, is said to be targeting going public via an initial public offering [IPO] and achieving a valuation of up to $10 billion, according to a Bloomberg report.
The Montreal-based company, one of the most downloaded travel apps in North America, previously achieved a valuation of $5 billion in 2022 and has raised an estimated $730 million to date since its founding in 2007. Its investors include Brookfield Asset Management, Goldman Sachs, Citigroup and Caisse du Depot et Placement du Quebec, according to Bloomberg, while it has also established a partnership with Capital One Travel and received funding via its investment arm.
Listing everything from homes to hotels, flights and car rentals, Hopper was the fastest-growing app in the OTA market in 2021, growing its active users by 494 per cent and even overtaking Airbnb in terms of market share for monthly active users.
In January 2022,…
