• Travelport IPO

Blackstone has filed to list shares in booking platform Travelport. The IPO could raise up to USD500m which will be used to pay down some of the company’s USD3.5bn of debt, reports Bloomberg.[img]/sites/all/modules/contrib/wysiwyg/plugins/break/images/spacer.gif[/img]
Travelport, whose Apollo, Galileo and Worldspan platforms are widely used in the trade, also holds a 37% stake in OTA group Orbitz. Blackstone, which bought Travelport in 2006, previously cancelled a planned 2010 listing in London.
Read the full story here:
http://www.bloomberg.com/news/2014-06-04/blackstone-s-travelport-files-for-ipo-of-trip-booking-platform.html

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