TRAVEL solutions provider Travelport has kicked off its IPO with 30 million of its common shares and applied to be listed on the New York Stock Exchange under the symbol TVPT.
Funds raised through the IPO will be used to repay debt and “certain other liabilities”, said Travelport in a media statement.
The estimated price range for the IPO is US$14 to US$16 per common share.
Morgan Stanley, UBS Investment Bank, Credit Suisse and Deutsche Bank Securities are serving as joint book-running managers for the IPO, with Cowen and Company, Evercore, Jefferies, Sandford C Bernstein, and William Blair serving as co-managers.
