Plans by Kayak to place the company on the public financial markets in the US are being held up by ongoing worries about the state of the economy.
The travel search site is one of around 200 companies with plans for IPOs filed with the Securities and Exchange Commission that have so far failed to reach the conditions which allow them to proceed - approval by the authorities and "market conditions have to be favourable" in the eyes of the company.
Kayak has so far not met one or both of these conditions.
The company told AllThingsD yesterday that in intended on proceeding with its plans when the markets are favourable to IPOs.
It is declining to comment any further this morning, but reports and speculation that the company has pulled its IPO are, at this stage, inaccurate.
The first sign that a company has officially reversed its decision to launch an IPO is when its S-1 filing (registration of securities) is withdrawn.
Kayak's bid is still active, but like others it is in the logjam of those waiting for the financial markets to calm down, as investment funds lurch up and down on a daily, if not hourly, basis.
The SEC is currently experiencing its longest backlog of IPOs in ten years, without a single one completed since mid-August this year.
Kayak's bid to IPO is now almost 11 months old and, in previous updates of its S1 to the SEC, has pegged back its chances of fulfilling its strategy.
In May this year the company said the likelihood was around 85%, stating two months later that it had fallen further to 50%.
Looming over the entire process has always been the entry of Google into the travel search marketplace, a process which started with its proposed acquisition of ITA Software in July 2010 (four months ahead of Kayak decision announce plans to IPO).
Kayak - it is worth remembering - is also an ITA customer, with a contract which expires at the end of 2013.