Sabre Readies for Initial Public Offering
Sabre Corp. has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for its proposed initial public offering. The travel technology company, the largest global distribution system and the owner of Travelocity, has yet to determine the number of shares to be sold and the price range. According to the statement, the IPO will raise up to $100 million. The joint book-running managers are Morgan Stanley; Goldman, Sachs & Co.; BofA Merrill Lynch, and Deutsche Bank Securities.