It was a long time coming, but travel search firm KAYAK [NASDAQ: KYAK] was up significantly in its first day of trading. As of 4 PM the stock was listed at $33.18, up 27% from its opening price.

As we reported yesterday, the company priced its IPO at $26, valuing the company at $1 billion. The current price places its value significantly higher.

This was a long road for the company which filed for its IPO originally in 2010.

Oh, and the company is apparently headed to Russia.

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