HomeAway is seeking to raise as much as $216 million in an initial public offering, The Wall Street Journal reports. The vacation-rental website has set the price range at $24 to $27 a share, leading to a market value of as much as $2.16 billion. The Austin, Texas-based company intends to use the proceeds to repay unpaid dividends, acquisitions and new product lines, adds Bloomberg. HomeAway operates VBRO.com, OwnersDirect in the U.K. and BedandBreakfast.com. The company has more than 560,000 listings in 145 countries.

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