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Sabre prepares to relaunch with fresh IPO

Sabre prepares to relaunch with fresh IPO

Sabre Corporation, a technology solutions provider to the global travel and tourism industry, announced today that it has filed a registration statement on Form S-1 with the US Securities and Exchange Commission for the proposed initial public offering of shares of its common stock.

The company, owner of online travel agency Travelocity, was spun off from American Airlines parent AMR Corp in an IPO in 2000.

It is presently privately held by TPG and Silver Lake Partners, which took the company off the market in 2007.

The number of shares to be sold and the price range for the proposed offering have not yet been determined, but the IPO is believed to be worth approximately $100 million.

Morgan Stanley, Goldman, Sachs & Co, BofA Merrill Lynch and Deutsche Bank Securities are acting as joint book-running managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.

These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Sabre

Sabre is a leading technology solutions provider to the global travel and tourism industry. 

Headquartered in Southlake, Texas, USA, Sabre employs approximately 10,000 people in approximately 60 countries, with technology developed in six facilities located across four continents.