Kayak, in its own estimation, sees IPO chances improving

In March, Kayak pegged its own chances of executing an IPO at 85% -- a dramatic upswing from the 50% likelihood it estimated in June 2011.

That revelation came in Kayak's latest amendment yesterday to its November 2010 IPO registration statement.  As of March, Kayak saw its IPO chances, prospects of a strategic sale or remaining private as 85%, 10% and 5%, respectively.

Kayak's self-proclaimed IPO likelihood, on the rise since December 2011, when it stood at 75%, comes as market conditions have vastly improved and tech investors eye the proposed Facebook IPO, which could provide a shot in the arm to other prospective tech IPO currently on the sidelines.

At least that is the hope.