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Travelport Prices IPO and Seeks to Raise $480 Million

09/12/2014| 6:56:07 PM| 中文

UK-headquartered Travelport, the global distribution system and travel technology company, chose September 11 to begin its initial public offering, pricing it in the $14 to $16 per share range.

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.

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TAGS: Travelport | IPO | Sabre
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