By Christina Mlynski

Technology solutions provider of online travel Sabre Corp. — also the owner of Travelocity — filed with regulators to raise up to $100 million in an initial public offering of its common stock.

The IPO will feature Morgan Stanley, Goldman Sachs, Bank of America Merrill Lynch and Deutsche Bank Securities as joint book-running managers for the offering.

Although the number of shares to be sold and the price range for the proposed offering are not public, this is the company’s second attempt to become a publicly traded organization.

The company was spun off from American Airlines parent AMR Corp in an IPO in 2000. However, TPG Funds and Silver Lake Funds took Sabre private in 2007.

The Southlake-based company is the largest global distribution systems provider in North America for airplane bookings.

Sabre employs approximately 10,000 people in 60 countries, with technology developed in six facilities located across four continents. 

Sabre’s IPO comes at a time when travel and tourism is booming. The total travel expenditures in the US hit $892.5 billion in 2013 and are projected to increase to $933.4 billion in 2014, according to the U.S. Census Bureau.

Additionally, a study by the Global Business Travel Association predicts a 7.2% rise in business travel spending in 2014 to $288.8 billion. The spike is due to an improving economy, steady profits and gained interest in business investment.