Travelocity parent company Sabre files for $100 million IPO
Sabre Corporation, the parent company of Travelocity.com, has filed a document with the SEC about plans to raise up to $100 million in an initial public offering (IPO). The company will be offering common stock in order to become a public company again.
Sabre provides technology solutions to the global travel and tourism industry. The company spun out of American Airlines parent company AMR Corp. in an IPO back in 2000. Sabre has three business divisions: Travel Network, Airline and Hospitality Solutions, and Travelocity.com.
The company was taken private by TPG Funds and Silver Lake Funds in 2007. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch and Deutsche Bank Securities are going to be underwriting the offering.