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Travelport Files for Initial Public Offering

Travel News Asia Videos Podcasts Latest Travel News Asia Friday, 12 September 2014
 

Travelport has commenced an initial public offering of 30 million of its common shares pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission.

The company intends to grant the underwriters a 30-day option to purchase up to 4,500,000 additional common shares.

The estimated price range for the initial public offering is US$14 to US$16 per common share.

The company has applied to list its common shares on the New York Stock Exchange under the symbol TVPT.

Travelport says it intends to use the net proceeds from the offering to repay debt and certain other liabilities.

Morgan Stanley, UBS Investment Bank, Credit Suisse and Deutsche Bank Securities are serving as joint book-running managers for the offering, while Cowen and Company, Evercore, Jefferies, Sandford C. Bernstein and William Blair are serving as co-managers.

Travelport, IPO, New York

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