Travel technology firm Sabre Corp. — the company that powers most online travel booking engines and reservation systems — plans to go public again, it announced this week.
The owner of Travelocity and IgoUgo has filed a registration statement with the Securities and Exchange Commission (SEC), indicating its intent to make an initial public offering (IPO) of its common stock. Although the number of shares to be sold and their price have not yet been determined, the offering is expected to raise up to $100 million for the company, according to media reports.
Sabre previously was owned by American Airlines parent company AMR Corp. It became an independent enterprise in 2000 with its first IPO, but was taken private by investors in 2007.
Sabre is the latest in a string of travel companies going public. Meetings technology company Cvent went public in August, and Hilton Worldwide did so in December.
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