Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
Sabre back on the boards but IPO price less than hoped.
Monday, 5th May 2014
Source : Martin Kelly
 

The owners of Sabre Corp have raised less than expected in an IPO that values it at USD Billion, well down on the USD5 Billion investment funds TPG and Silver Lake paid for the travel technology and distribution company six years ago when they took it private.1
 
Sabre Corp sold 39.2 million shares at $16 ($18-$20 had been touted) late last week, raising USD627 million, and is now listed on the Nasdaq stock exchange.
 
Rick Simonson, Sabre's chief financial officer, told VentureBeat that the company will use net proceeds from the IPO to pay down some its $3 Billion in debt.

Full story

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Latest News  (Click title to read article)
IRENA and UNWTO to promote renewable energies in Islands' tourism sector
Tuesday, 2nd September 2014

Foreign GDSs gear up for the much-awaited opportunity in China
Tuesday, 2nd September 2014

IHG announces a Holiday Inn Resort for Pagosa Springs, Colorado
Tuesday, 2nd September 2014

2015 Global Travel Price Outlook
Tuesday, 2nd September 2014

New global certification for handling cold-chain pharmaceuticals freight
Tuesday, 2nd September 2014

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy