Travelocity.com Owner Sabre Seeks Up to $895 Million in U.S. IPO
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Sabre Corp., the provider of travel data and reservation software whose businesses include Travelocity, is seeking as much as $895 million in an initial public offering.
The company, backed by TPG Capital and Silver Lake Management LLC, plans to offer 44.7 million shares for $18 to $20 apiece, according to a regulatory filing. The company plans to use the funds from the IPO to repay debt.