HomeAway Announces Closing of Follow-On Offering

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| Source: HomeAway Inc.

AUSTIN, Texas, Dec. 17, 2013 (GLOBE NEWSWIRE) -- HomeAway, Inc. (Nasdaq:AWAY), the world's leading online market place for vacation rentals, today announced the completion of an underwritten public offering of an aggregate of 6,921,424 shares of its common stock by the company and the selling stockholders, including 902,794 shares sold pursuant to the full exercise by the underwriters of their option to purchase additional shares from the selling stockholders. All of the shares were sold at a price to the public of $37.00 per share. HomeAway received net proceeds of approximately $195.3 million, after deducting underwriting discounts and commissions and estimated offering expenses. HomeAway did not receive any proceeds from the sale of shares by the selling stockholders.

HomeAway intends to use the net proceeds of this offering for general corporate purposes, which may include acquisitions or license of, or investment in, products, services, technologies or other businesses.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are joint book-running managers of the offering. Stifel, Nicolaus & Company and Pacific Crest Securities LLC, Incorporated are acting as co-managers.

The offering of these securities is being made only by means of an effective registration statement (including a preliminary prospectus for the offering) filed with the U.S. Securities and Exchange Commission on December 10, 2013. A final prospectus related to the offering has been filed with the Securities and Exchange Commission and is available on the SEC's Web site at http://www.sec.gov. Copies of the final prospectus may be obtained from: Deutsche Bank Securities Inc. at 60 Wall Street, Attention: Prospectus Group, New York, NY 10005-2836, by email at prospectus.CPDG@db.com or by phone at (800) 503-4611; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, or by phone at (866) 471-2526; or Morgan Stanley & Co. LLC, Attention Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by email at prospectus@morganstanley.com, or by phone at (866) 718-1649.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About HomeAway:

HomeAway, Inc. based in Austin, Texas, the world's leading online marketplace for the vacation rental industry, with sites representing over 773,000 paid listings of vacation rental homes in 171 countries. Through HomeAway, owners and property managers offer an extensive selection of vacation homes that provide travelers with memorable experiences and benefits, including more room to relax and added privacy, for less than the cost of traditional hotel accommodations. The company also makes it easy for vacation rental owners and property managers to advertise their properties and manage bookings online. The HomeAway portfolio includes the leading vacation rental websites HomeAway.com, VRBO.com and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.es in Spain; AlugueTemporada.com.br in Brazil; HomeAway.com.au and Stayz.com.au in Australia; and Bookabach.co.nz in New Zealand. Asia Pacific short-term rental site, travelmob.com, is also owned by HomeAway.

HomeAway also operates BedandBreakfast.com, the most comprehensive global site for finding bed-and-breakfast properties, providing travelers with another source for unique lodging alternatives to chain hotels. For more information about HomeAway, please visit www.HomeAway.com.

Investor Relations Contact:
HomeAway Investor Relations at (512) 505-1700, 
or Addo Communications at (310) 829-5400

HomeAway Media Contact:
Eileen Buesing, VP of Communications
Office: (512) 493-0375,