Travelport Worldwide raise 30 million via IPO
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12 Sep 2014
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Travelport Worldwide today announced that it has commenced an initial public offering of 30 million of its common shares pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission, reported media. The Company intends to grant the underwriters a 30-day option to purchase up to 4,500,000 additional common shares. The estimated price range for the initial public offering is $14 to $16 per common share. The Company has applied to list its common shares on the New York Stock Exchange under the symbol TVPT. The Company intends to use the net proceeds from the offering to repay debt and certain other liabilities. Morgan Stanley, UBS Investment Bank, Credit Suisse and Deutsche Bank Securities are serving as joint book-running managers for the Offering. Cowen and Company, Evercore, Jefferies, Sandford C. Bernstein and William Blair are serving as co-managers for the Offering. |
| Source: Dion Global Type: IPO Related |
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