Amadeus IT Holdings has announced it will be offering shares at €11 each, when it launches its initial public offering (IPO) on the Spanish stock market on April 29.
The travel technology company, which runs the Amadeus global distribution system (GDS), will be listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges, trading under the symbol AMS.
Amadeus IT will be selling 119,684,662 of its shares to the public, equivalent to 26.74% of the company's shares.
Air France will retain 16% of the company, Iberia 9% and Lufthansa 8%.
Travel IT company Travelport, which owns GDSs Galileo and Worldspan, announced it would launch an IPO on the London Stock Exchange in January this year, but was forced to drop its plans in Feburary.
Travelport blamed volatility in the financial markets for the failed attempt.
www.amadeus.com www.travelport.com