Sabre going after $895m in imminent IPO
Sabre has confirmed the price range for its initial public offering on the Nasdaq with the company seeking up to $895 million.
According to a filing with the Securities and Exchange Commission in the US, the global distribution giant expects the stock price range to be between $18 and $20 and it is offering 44.7 million shares.
This values the company at just under $5 billion.
The filing puts the date of commencement of public offering at ‘as soon as practicable’ after 4 April and Sabre will list as SABR.
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