Skyscanner believed to be considering sale or IPO

William Turvill
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Skyscanner was valued at £1bn in January (Source: Getty)

UK unicorn Skyscanner is believed to be exploring a sale or flotation.

The travel search company was valued at £1bn in January when it raised $192m (£158m) from five investors in a financing round.

Read more: Investment lets 'unicorn' Skyscanner accelerate its global expansion plans

Founded in 2003, Skyscanner employs 770 staff, with offices in Edinburgh, Glasgow, London, Barcelona, Beijing, Budapest, Miami, Shenzen, Singapore and Sofia.

Investors in the company include Scottish Equity Partners, Sequoia, Artemis, Baillie Gifford, Khazanah, Vitruvian Partners and Yahoo Japan.

The company today declined to comment on a Bloomberg report suggesting it is exploring strategic options, including a possible initial public offering (IPO) or sale.

Read more: The UK's first unicorn of 2016 has just been created

When Skyscanner was valued at £1bn in January, Scottish Equity Partners’ Stuart Paterson told Business Insider the company was aiming to float in 2017.

In 2015, Skyscanner reported total revenues of £110m, up from £89m in 2014. Pre-tax profits, meanwhile, came in at £11m, down from £12.6m in 2014.

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