Skip to main content

Sabre launches IPO up to $100M

Jan 22, 2014 09:37AM, Published by Anonymous, Categories: City+School, Today


Sabre Corp. headquarters in Southlake



By Christina Mlynski

Technology solutions provider of online travel Sabre Corp. — also the owner of Travelocity — filed with regulators to raise up to $100 million in an initial public offering of its common stock.

The IPO will feature Morgan Stanley, Goldman Sachs, Bank of America Merrill Lynch and Deutsche Bank Securities as joint book-running managers for the offering.

Although the number of shares to be sold and the price range for the proposed offering are not public, this is the company’s second attempt to become a publicly traded organization.

The company was spun off from American Airlines parent AMR Corp in an IPO in 2000. However, TPG Funds and Silver Lake Funds took Sabre private in 2007.

The Southlake-based company is the largest global distribution systems provider in North America for airplane bookings.

Sabre employs approximately 10,000 people in 60 countries, with technology developed in six facilities located across four continents. 

Sabre’s IPO comes at a time when travel and tourism is booming. The total travel expenditures in the US hit $892.5 billion in 2013 and are projected to increase to $933.4 billion in 2014, according to the U.S. Census Bureau.

Additionally, a study by the Global Business Travel Association predicts a 7.2% rise in business travel spending in 2014 to $288.8 billion. The spike is due to an improving economy, steady profits and gained interest in business investment. 




Southlake sabre corp ipo


You might also like

Thumb_southlake-reccenter-phase-1

Southlake Community Recreation Center to Break Ground

The city plans to break ground in early September, and completion is estimated for late 2015...
Thumb_mosquito_sick

West Nile Update

There’s nothing more annoying than the buzz of a mosquito in your ear. However, with Tarrant County Public Health (TCPH) confirming the
Thumb_screen-shot-2014-06-25-at-8.39.26-am

Rolles Of A Lifetime

For the Rolle family, "Power Rangers" is much more than a hugely popular TV franchise. It brought them together...

  • Holiday Break Camp Mania (Christmas Break)

    12/22/2014
    07:30am — 06:30pm

    Ages 5-11, Cost: $80 December 22-26 *No Camp on December 24-25 Durham Intermediate School 7:30...


  • The Trains at Northpark

    12/22/2014
    10:00am — 09:00pm

    All aboard! The most elaborate toy trains exhibit in Texas has taken off for its 16th year, follo...


  • For a holiday experience the entire family will enjoy, look no further than the Hilton Anatole. T...


  • Light Show Spectacular

    12/22/2014
    06:00pm — 11:00pm

    If you’re worried about getting your holiday light fix this season, fear not. You’ll have an oppo...


  • Gift of Lights 2014

    12/22/2014
    06:00pm — 10:00pm

    Gift of Lights at Texas Motor Speedway Come out to the Texas Motor Speedway for Gift of Lights...


  • Prairie Lights

    12/22/2014
    06:00pm

    Upon arriving at the entrance to Prairie Lights, you will be dazzled with 4 million lights set a...


  • 12 Days of Christmas

    12/28/2014
    09:00am — 05:00pm

    Be among the first to experience Dallas’ newest holiday tradition as this beautiful botanical gar...


  • The Trains at Northpark

    12/28/2014
    10:00am — 09:00pm

    All aboard! The most elaborate toy trains exhibit in Texas has taken off for its 16th year, follo...


  • On display for the first-time at a North American museum, British designer Thomas Heatherwick’s w...


  • This is the first North American museum presentation of the exhibit and will feature the work of ...


  • For a holiday experience the entire family will enjoy, look no further than the Hilton Anatole. T...


  • Free Dance Lessons

    12/28/2014
    05:00pm — 06:00pm

    WANT TO LEARN TO DANCE? (FREE lessons!) Foxtrot, Waltz, Swing, Latin and more... please share... ...


  • Prairie Lights

    12/28/2014
    06:00pm

    Upon arriving at the entrance to Prairie Lights, you will be dazzled with 4 million lights set a...


  • Light Show Spectacular

    12/28/2014
    06:00pm — 11:00pm

    If you’re worried about getting your holiday light fix this season, fear not. You’ll have an oppo...


  • Gift of Lights 2014

    12/28/2014
    06:00pm — 10:00pm

    Gift of Lights at Texas Motor Speedway Come out to the Texas Motor Speedway for Gift of Lights...


  • Mannheim Steamroller Christmas

    12/28/2014
    07:30pm — 09:30pm

    Celebrating its 30th anniversary, the Mannheim Steamroller Christmas Tour continues to bring joy ...