Tuesday, April 8, 2014

Sabre Sets IPO Pricing Range

Southlake, Texas-based Sabre, the provider of travel booking services, said in a filing Monday that it expects its initial public offering price to be between $18.00 and $20.00 per share. Sabre is hoping to raise as much as $895M for the company, selling 44,736,842 shares of its common stock. The company has applied to list on the NASDAQ Stock Market as SABR. Sabre is private equity backed by TPG and Silver Lake, among others, and had filed for an IPO back in January.