Travel technology giant Amadeus is considering an initial public offering (IPO) expected to involve shares worth $12 billion.
Amadeus plans listing
Travel technology giant Amadeus is considering an initial public offering (IPO) expected to involve shares worth $12 billion.
Amadeus has hired investment bank Rothschild to advise on the move, which would see a 30% stake offered on the market.
The Madrid-based group, one of three major global distribution systems (GDSs), is currently controlled by private equity companies BC Partners and Cinven. However, airlines Iberia, Lufthansa and Air France-KLM retain minority stakes that together amount to 46% of the company. The GDSs were originally founded by airlines.
The listing is expected early in 2010 and would be among the largest public offerings for some time.
