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WSJ: Kayak IPO Delayed

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  • Description

    FBN’s Peter Barnes on reports Kayak has postponed its IPO after Facebook’s post-IPO tumble.

  • Duration 0:54
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I'm Peter -- -- their Fox Business -- worries over Europe's finances and a stronger US dollar taking a whole lot of oil today -- crisis hitting.

A seven month low.

Crude is on track for its worst monthly performance since December 2008.

Well closing at 87 dollars and 82 cents a barrel in New York Mercantile Exchange trading.

And -- oil continuing its downward trend drivers are feeling some relief at the pumps according to triple a.'s daily fuel gauge the national price for a gallon of regular gasoline is now three dollars and 62 cents.

And online travel site kayak dot com has reportedly postponing its initial public offering.

Following Facebook's post IPO tumbled the Wall Street Journal reporting that the timing for the IPO is now uncertain.

Kayaks road show was expected to begin shortly after Memorial Day weekend the company has filed its IPO paperwork eighteen my.

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