Travelport Worldwide, which operates the third-largest global distribution system (GDS) for the travel industry, announced terms for its IPO on Thursday. The Atlanta, GA-based company plans to raise $450 million by offering 30 million shares at a price range of...read more
Travelport Worldwide, which provides transaction processing technologies and services to the travel industry, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely just a placeholder. We...read more
Every one of the 10 IPOs last week priced at a discount to its original midpoint, including 8 that priced below the range. Over the past two weeks, 80% of IPOs had an opening price below the midpoint, with an average discount of 9.1%. Up until that point, 41% of...read more
Sabre, which operates the second-largest Global Distribution System for the travel industry, raised $627 million by offering 39.2 million shares at $16, below the range of $18 to $20. The company had originally planned to offer 44.7 million shares. Sabre plans...read more
Airline network provider Travelport Worldwide sets terms for $450 million IPO
Travelport Worldwide, which operates the third-largest global distribution system (GDS) for the travel industry, announced terms for its IPO on Thursday. The Atlanta, GA-based company plans to raise $450 million by offering 30 million shares at a price range of...read more
Blackstone-backed Travelport Worldwide refiles in the US for an estimated $800 million IPO
Travelport Worldwide, which provides transaction processing technologies and services to the travel industry, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely just a placeholder. We...read more
US IPO Recap: The IPO market finds a clearing price
Every one of the 10 IPOs last week priced at a discount to its original midpoint, including 8 that priced below the range. Over the past two weeks, 80% of IPOs had an opening price below the midpoint, with an average discount of 9.1%. Up until that point, 41% of...read more
Sabre prices downsized IPO at $16, below the range
Sabre, which operates the second-largest Global Distribution System for the travel industry, raised $627 million by offering 39.2 million shares at $16, below the range of $18 to $20. The company had originally planned to offer 44.7 million shares. Sabre plans...read more