Travelocity owner Sabre expects IPO to be priced at $18-$20/share
April 4 (Reuters) - Sabre Corp, a major travel booking wholesaler and the owner of Travelocity website, said it expects its initial public offering of 44.7 million common shares to be priced at between $18 and $20 per share.
Texas-based Sabre's IPO is expected to raise as much $895 million at the top end of the price range.
Sabre is backed by private equity firms such as TPG and Silver Lake. (Reporting by Avik Das in Bangalore; Editing by Maju Samuel)