Sabre Corporation reports that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for the proposed initial public offering of shares of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined.
By going public Reuters estimates Sabre could raise as much as $100 million. Sabre was spun off from AMR Corp./American Airlines in 2000. Sabre is privately held by TPG and Silver Lake Partners.
Morgan Stanley, Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities are acting as joint book-running managers for the offering, Sabre said.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective, Sabre said.
These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective, Sabre said.
Recently Sabre has been rolling out a series of new technology enhancements. In November, the company launched a new mobile app for travel agents. The Sabre Red Mobile Workspace provides access to the most commonly used agent functions including air, car, and hotel shopping and booking, customer profiles, PNR servicing, seat maps, ticketing capabilities and more, Sabre notes.
RELATED: Sabre Launches Mobile App for Travel Agents
Additionally, in December Sabre partnered with Finnair to offer pre-paid seat sales. The same technology standards were used to provide Finnair the ability to sell pre-paid bags in Sabre's travel marketplace since 2012.
RELATED: Finnair Launches Pre-Paid Seat Sales in Sabre
Sabre is headquartered in Southlake, Texas, and employs approximately 10,000 people in approximately 60 countries.
Visit www.sabre.com