10 November 2021, Virtual
London, UK - November 2021
London, UK - December 2021
Floatation would be biggest on LSE for two years
Speculation is mounting that travel technology firm Travelport will this week finally announce plans to float on the London Stock Exchange.
If has been common knowledge for some time that the company - owner of global distribution systems Galileo and Worldspan - was lining up an initial public offering, after a number of senior staff moved to its UK base in Langley over the last eights months.
It is understood that the company wants to raise some £1.2 billion to help pay debts held by its largest stakeholder, venture capitalist group Blackstone.
The company, which operates in 160 countries and has more than 5,000 employees, originally planned to float in 2008 but these plans were scuppered by the financial crisis.
Blackstone bought Travelport for £2.6 billion from US company Cendant in 2006.
Travelport's flotation would be the biggest listing in London for nearly two years if successful.
A spokeswoman for the comment said no comment could be made at this time.