Travelport Worldwide has filed a registration
statement on Form S-1 with the U.S. Securities and Exchange
Commission relating to a proposed initial public offering of its
Travelport is a travel commerce marketplace
providing distribution, technology, payment and other solutions.
Travelport is comprised of a Travel Commerce Platform, through
which it facilitates travel commerce by connecting the world's
leading travel providers with online and offline travel buyers in
a travel commerce marketplace; and its Technology Services,
through which it provides critical IT services to airlines, such
as shopping, ticketing, departure control and other solutions.
The number of shares to be offered and the price
range for the offering have not yet been determined.
Travelport says it intends to use the net
proceeds from an offering to reduce the companyís outstanding
Morgan Stanley, UBS Investment Bank, Credit
Suisse and Deutsche Bank Securities are acting as joint
book-running managers for the offering.
See other recent news regarding: