|TRIVAGO N.V. filed this Form 20-F on 03/06/2018|
Item 13: Defaults, dividend arrearages and delinquencies
Item 14: Material modifications to the rights of securities holders
On December 21, 2016, we sold 20,826,606 ADSs and our Founders collectively sold 9,200,029 ADSs, each representing one Class A share, with a nominal value of €0.06 per share, in our IPO at a public offering price of $11.00 per ADS, for an aggregate price of $229.1 million to us and $101.2 million to our Founders. The aggregate net offering proceeds to us, after deducting underwriting discounts and commissions totaling $21.3 million, were €207.8 million. We did not receive any proceeds from the sale of ADSs by the Founders.
The offering commenced on December 5, 2016, and the effective date of the Registration Statement on Form F-1, as amended (File No. 333-214591) was December 15, 2016. J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC acted as joint book-running managers of the offering and as representatives of the underwriters.
None of the payments described in this Item 14 were direct or indirect payments to our directors, officers, general partners or their associates, or any persons owning 10% or more of our ordinary shares, or our affiliates. As of the date hereof, the majority of the net proceeds from our IPO remained unused. We intend to use the remaining net proceeds for general corporate purposes, including to fund investments in technology, for working capital to fund our growth strategies described elsewhere in this Annual Report and to pursue strategic acquisitions, although we have no agreements, commitments or understandings with respect to any such transaction.