Tuesday, January 21, 2014
Sabre Files For $100M IPO
Southlake, Texas-based travel technology provider Sabre has filed for an IPO, saying this morning in an S-1 that it is looking to raise up to $100M in the public markets. The firm has not yet selected a market. The company's IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co., BofA Merrill Lynch, and Deutsche Bank Securities. Sabre is backed by TPG, Silver Lake, and Sovereign Co-Invest. The company said it will not receive any of the proceeds from the IPO, which will go to its investors.