Travelocity owner Sabre files for IPO that could raise upwards of $750 million

By
A A A

Sabre, which provides technology solutions to the travel and tourism industry and operates Travelocity, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely just a placeholder. We estimate that the company could raise upwards of $750 million. The Southlake, TX-based company, which was founded in 2006 and booked $3.1 billion in sales for the 12 months ended September 30, 2013, has yet to announce an exchange or a ticker. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.




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:

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com