Travelocity operator Sabre sets terms for $850 million IPO

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Sabre, which provides technology solutions to the travel and tourism industry and operates Travelocity, announced terms for its IPO on Friday. The Southlake, TX-based company plans to raise $850 million by offering approximately 44.7 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Sabre would command a fully diluted market value of $4.9 billion.

Sabre, which was founded in 2006 and booked $3.0 billion in sales for the fiscal year ended December 31, 2013, plans to list on the NASDAQ under the symbol SABR. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch and Deutsche Bank are the joint bookrunners 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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