Travelport files for IPO in New York
Travelport is to resurrect its plan to join the public financial markets, issuing documents today with its intention to list in the US.
The company will seek to raise $100 million as part of the listing.
The decision to IPO puts a full stop on a period of manoeuvring behind the scenes for Travelport as it sought to establish a more sound financial footing, following a turbulent mid-2011 when negotiations took place to extend its debt repayments.
Morgan Stanley, UBS, Credit Suisse and Deutsche Bank Securities will act as book-runners for the offering, according to the S1 lodged with the US Securities and Exchange Commission.