The NASDAQ OMX Group announced that trading of Sabre Corporation commenced on The NASDAQ Stock Market on April 17.
Sabre is a global technology solutions provider to the global travel and tourism industry. Its software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management.
Sabre also operates a leading global travel marketplace, processing over $100 billion of estimated travel spend in 2013 by connecting travel suppliers to their most valued customers, the business traveler.
“Sabre has revolutionized the travel and tourism industry through its technology platform and solutions,” said Bob Greifeld, CEO of NASDAQ OMX. “Sabre exemplifies the innovative spirit found in all NASDAQ-listed companies and we congratulate Sabre on its successful initial public offering.”
By listing with NASDAQ, Sabre joins some of the world’s largest and most revolutionary companies. NASDAQ® has been the exchange of choice to over 70 percent of technology companies listed in the U.S. markets.