Travelport IPO: Strong debut, says CEO Gordon Wilson
It was a long time coming, but travel e-commerce platform provider Travelport Worldwide finally had its initial public offering today, at a starting valuation of $1.9 billion.
Investors seemed to like what they saw in its $16 offer price and in the company’s promise to pay dividends.
As of 3pm Eastern, shares in the Atlanta-based company remained 5% higher than its opening bell price, but shares appeared to be being dragged down by a broader selloff in the overall US market.
The Travelport IPO sold all of the shares on offer, raising about $480 million on 30 million shares.