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


  • Dragon Youth Cheer, is a Southlake, Texas based youth cheer program for girls, grades K – 6. This...


  • GRACE Gala Gifting Party

    05/25/2016
    05:30PM — 07:30PM

    Mark your calendars for May 25: It’s time for the annual GRACE Gala Gifting Party. The event ki...


  • GRACE Gala Gifting party

    05/25/2016
    05:30PM — 08:30PM

    You’re invited to help us celebrate the upcoming Gala with live music, hors d’oeuvres and bottoml...


  • Come join Big D Barbecue every Wednesday at 6pm for a fun-filled evening of Brews & Brains Trivia...


  • Dragon Youth Cheer, is a Southlake, Texas based youth cheer program for girls, grades K – 6. This...


  • The 5th Annual Beardfest

    05/28/2016
    07:00PM

    Hosted by the Dallas Facial Hair Club! 100% of the proceeds from the entire event goes to the ...


  • Dragon Youth Cheer, is a Southlake, Texas based youth cheer program for girls, grades K – 6. This...


  • Annual Memorial Day Celebration

    05/29/2016
    05:00PM — 09:00PM

    Join us for our Annual Memorial Day Celebration. We will have great beer and live music on the p...


  • Dragon Youth Cheer, is a Southlake, Texas based youth cheer program for girls, grades K – 6. This...


  • Annual Decoration Day

    05/30/2016
    06:00PM — 08:00PM

    Join the Westlake Historical Preservation Society (WHPS) for a salute to those who serve our grea...


  • GRACE Gala Gifting Party

    05/25/2016
    05:30PM — 07:30PM

    Mark your calendars for May 25: It’s time for the annual GRACE Gala Gifting Party. The event ki...


Read This Month's Digital Issue