Thursday 9th September, JW Marriott Grosvenor House
ExCeL London - 30 Sep - 01 Oct 2021
18 October 2021 - Virtual
Travel technology provider Travelport Worldwide has filed for an initial public offering of its shares, as it aims to reduce outstanding debt.
The number of shares to be offered and the price range for the offering have not yet been determined, Travelport said in a statement.
Although according to reports the Atlanta-based firm will seek to raise $100 million as part of the listing.
In 2006 Travelport was acquired by Blackstone and Technology Crossover Ventures (TCV) for $4.3 billion.
The private equity-backed firm, which owns global distribution systems (GDSs) Galileo and Worldspan, then sought a London listing for the company in 2010, but suspended it after volatility in the financial markets.
Travelport has listed Morgan Stanley and UBS Securities as lead underwriters for the offering.