- 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.
From other sites
at CNBC.com (Jun 3, 2015)
at CNBC.com (Jun 2, 2015)
at CNBC.com (May 22, 2015)
at CNBC.com (Apr 8, 2015)
at CNBC.com (Jan 21, 2015)
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