June 16, 2011 / 12:30 PM / 8 years ago

UPDATE 1-HomeAway sees IPO priced at $24-$27 per share

* Co offering 5.9 million shares

* Expects net proceeds of about $137.2 mln

* Selling stockholders to offer 2.1 million shares (Adds details, follows alerts)

June 16 (Reuters) - Vacation rental website HomeAway Inc said in a filing on Thursday it would price its initial public offering between $24 and $27 a share.

The Austin, Texas-based company, which generated $167.9 million in 2010 revenue, expects net proceeds of about $137.2 million from the sale of 5.9 million shares, according to a filing with the U.S. Securities and Exchange Commission.

The company operates websites like HomeAway, VRBO, VacationRentals.com, FeWo-Direkt, Holiday-Rentals. (Reporting by Rachel Chitra in Bangalore; Editing by Roshni Menon)

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