Technology solutions provider of online travel Sabre Corp. —bralso the owner of Travelocity — priced its initial public offering of 39.2brmillion shares of common stock at $16 per share.
The shares are trading on the NASDAQ Global Select Markbrunder the symbol “SABR.”
The underwriters of the offering have a 30-day option tobrpurchase up to an additional 5.88 million shares of stock from Sabre at the IPObrprice, underwriting discounts and commissions, to cover over-allotments, if anybrapply.
The joint book runners for this offering include MorganbrStanley, Goldman Sachs & Co., Bank of America Merrill Lynch and DeutschebrBank.
Additionally, the co-mangers for this offering include Evercore,brJefferies, TPG Capital DB, Cowen and Company, Sanford C. Bernstein, WilliambrBlaire, Mizuho Securities, Natixis and The Williams Capital Group.
In January, Sabre filed with regulators to raisebrup to $100 million in an IPO of its common stock.
The Southlake-based company is the largest globalbrdistribution systems provider in North America for airplanebrbookings.
Sabre employs approximately 10,000 people in 60 countries,brwith technology developed in six facilities located across fourbrcontinents.