The anticipated multi-million dollar stock market flotation of Travelport Worldwide was confirmed today.
The travel technology company commenced an initial public offering of 30 million of its shares on the New York Stock Exchange.
The estimated price range for the initial public offering is $14 to $16 per common share.
Underwriters are being given a 30-day option to purchase up to 4.5 million additional common shares.
Travelport said it intends to use the net proceeds from the offering to repay debt and certain other liabilities.