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Travelocity owner Sabre expects IPO to be priced at $18-$20/share
April 4, 2014 / 4:05 PM / in 4 years

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)

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