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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that TripAdvisor, Inc. (Nasdaq:TRIP), the world's largest travel site, has successfully completed its spin-off from Expedia, Inc. (Nasdaq:EXPE) and has commenced trading as an independent company on The NASDAQ Stock Market under the ticker symbol "TRIP". Since Expedia announced shareholder approval of the spin-off on December 6, 2011, TripAdvisor has been trading under the ticker symbol "TRIPV". TripAdvisor is a member of the S&P 500®.
"TripAdvisor has transformed the way people plan and make travel decisions by providing practical information from a huge community of millions of travelers worldwide," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. "TripAdvisor embodies the innovative and progressive drive that is characteristic of NASDAQ-listed companies. Because of these qualities, NASDAQ is happy to announce that TripAdvisor is the official travel review site of The NASDAQ Stock Market."
TripAdvisor, an online travel research company, is the world's largest travel site. By aggregating reviews and opinions from travelers about accommodations, destinations, restaurants and activities all over the world, TripAdvisor enables travelers to plan and have the perfect trip. Beyond travel-related content, TripAdvisor websites also include links to the websites of its advertisers, including travel advertisers, enabling travelers to directly book their travel arrangements. In addition to the flagship TripAdvisor brand, TripAdvisor manages and operates websites under 18 other travel media brands, connected by the common goal of providing comprehensive travel planning resources across the travel sector. TripAdvisor® Media Group companies attract more than 65 million unique monthly visitors*. TripAdvisor-branded sites make up the most popular and largest travel community in the world, with more than 50 million unique monthly visitors, 20 million members, and over 50 million reviews and opinions**.
Since its foundation, NASDAQ OMX has consistently been the exchange of choice for some of the world's largest and most revolutionary companies. By listing with NASDAQ, TripAdvisor joins leading internet companies like Google, eBay, Baidu, Yahoo, Yandex, Jive Software and Zynga.
