* Company expected to raise as much as $895 mln
* Intends to list on the Nasdaq under the symbol "SABR"
* Morgan Stanley, Goldman among lead underwriters of IPO
April 4 Travel booking wholesaler Sabre Corp
said it expected its initial public offering to be priced at
$18-$20 each, valuing the owner of the Travelocity website at
about $4.91 billion.
Texas-based Sabre's IPO is expected to raise as much $895
million at the top end of the price range.
The company, whose competitors include Spanish travel
bookings company Amadeus IT Holding SA and U.S private
firm Travelport, which owns the Galileo, Apollo and Worldspan
GDS platforms, is offering 44.7 million common shares.
Sabre, spun off from American Airlines parent
AMR Corp in 2000, was taken private by TPG Capital and Silver
Lake Partners in 2007 for about $5 billion, including debt.
Sabre, which intends to list its common stock on the Nasdaq
under the symbol "SABR", said net proceeds from the offering
would be used to repay outstanding debt. (link.reuters.com/cyg38v)
TPG, Sabre's biggest shareholder, will have its stake
reduced to about 37 percent after the offering, from 45.2
percent. Silver Lake's stake will drop to 22.8 percent from 27.8
Morgan Stanley, Goldman Sachs & Co, BofA Merrill Lynch and
Deutsche Bank Securities are the lead underwriters of the
Net loss attributable to Sabre narrowed to $100.4 million in
2013 from $611.4 million, while revenue rose about 2.5 percent
to $3.05 billion.
(Reporting by Avik Das in Bangalore; Editing by Maju Samuel and