Travel App Hopper Eyes Long-Term IPO Plan, $10 Billion Valuation

Travel data provider Hopper Inc., one of Canada’s largest closely held technology companies, is eyeing a public listing that its founder believes will value the business at as much as $10 billion.

The Montreal-based company offers price predictions for flights, hotels and car rentals by analyzing trillions of data points, and allows customers to lock in a future price for a fee. Hopper is among the most downloaded travel apps in North America, and is especially popular among millennials and Generation Z.

Hopper also has a business-to-business offering that uses its data and artificial intelligence to improve travel-booking portals ...