Travelport Taps Investors in Public Listing

Update: Travelport has raised USD480m through the sale of 30m shares at $16 and is now trading on the NYSE. The long awaited public float of Travelport is now under way with the travel sales and distribution company looking to raise up to USD552m from investors through the issue of 30m + shares. The proceeds will be used to pay down debt and Travelport stock will trade on the New York Stock Exchange.

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