Travelport, seeking to go public after an aborted attempt to do so in 2010, hopes to raise up to $480 million to pay down debt and other liabilities. The IPO values the company at up to $1.9 billion.
Although Blackstone and Technology Crossover Ventures acquired Travelport in 2006, and One Equity Partners also bought a piece that year, Travelport recently refinanced and Blackstone currently owns only 9.5% of Travelport, and would own 7.2% after the IPO.
The largest owners of Travelport’s common stock are Angelo, Gordon and Co., and Q Investments, which would own 12.7% and 8%, respectively, after the IPO.
