Sabre prices downsized IPO at $16, below the range

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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 to list on the NASDAQ under the symbol SABR. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch and Deutsche Bank acted as lead managers on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: SABR

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