Kayak has successfully completed an IPO and is preparing to enter the Russian market.

Travel information search service Kayak went public a few days ago. On its first day of trading, the company's shares surged more than 30%.

In total, the company placed 3.5 million shares, raising $91 million.

It was also announced that Kayak is preparing to enter the Russian online market. The company purchased the domain name kyak.ru, which now links to the homepage of kayak.com.

The appointment of the head of the Russian division of Kayak Software has also been announced – Andrey Verbitsky, head of the venture company Fast Lane, will take over.