NEW YORK, July 21: Shares in Kayak lifted higher on Friday after the online travel group's long-delayed initial public offering raised some $91 million. Under the trading symbol KYAK, Kayak soared 31pc to $34.20 after the IPO offered 3.5 million shares at $26.

The IPO for Kayak, which allows consumers to compare fares across different travel sites, was among the first in the tech sector after a fiasco in May with Facebook's offering.

Kayak first announced its IPO in 2010, but delayed the offered amid a weak economy and concern about Google's purchase of flight information company ITA Software.

Kayak Software Corporation was created in 2004 by travel sites Expedia, Travelocity and Orbitz “to take a different approach” by allowing consumers to compare hundreds of travel sites at once on the Web or through mobile apps.—AFP