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

By Renaissance Capital,

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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.

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