- The travel-booking platform purchased by Blackstone (NYSE:BX) eight years ago for $4.3B filed a $100M placeholder amount for the size of its IPO, but sources say the company may raise about $500M. The company hasn't been profitable since 2011, and proceeds will be used to repay some of the firm's $3.5B debt load.
- Blackstone originally tried to take the company public in London in 2010, but markets were somewhat less receptive then they are now.
- Among Travelport's assets are a 37% stake in Orbitz Worldwide (NYSE:OWW), making it the largest shareholder of that company.
- The stock symbol will be TVPT.
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Benzinga.com (Fri, 9:16AM)
at MarketWatch.com (Wed, 10:39AM)
at Nasdaq.com (Feb 4, 2015)
at Investor's Business Daily (Jan 30, 2015)
at Investor's Business Daily (Jan 29, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs