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Travelport files for IPO in New York

06/05/2014| 12:24:47 PM| 中文

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.

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TAGS: Travelport | IPO | GDS
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