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HomeAwayVacation home rental site HomeAway on Thursday priced shares for its initial public offering between $24 and $27, which values the company at a surprisingly robust $2 billion. The company wants to raise as much as $248 million in its offering.

HomeAway filed for an IPO in March and joins other Web companies aiming to go public this year, such as Groupon and Zillow. In the last few months, car sharing service Zipcar, professional social network LinkedIn, and online radio provider Pandora went public.

Austin-based HomeAway manages the largest online marketplace for vacation rental properties. The company offers rental homes through 31 different websites and has listings in 145 countries. It makes its money by charging homeowners to feature their properties and through various advertising and sponsorship deals.

The company’s financials appear healthy. In 2010, HomeAway had $167.9 million in revenues, up 39.6% from 2009. Net income for 2010 was $16.9 million, which was up from $7.6 million in 2009.

In such a big year for Web-based companies going public, HomeAway will have to hope the market treats it like LinkedIn, which is now trading well above its IPO price, and not like Pandora, which is now priced below its IPO.

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