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Online Travel

Sabre Files For IPO, Reveals Years of Financial Losses

Dennis Schaal photo
Dennis Schaal

Photo Credit: Sabre last year appointed Tom Klein as its new CEO in anticipation of an IPO. In the photo, Klein speaks at a World Travel & Tourism Council event in April 2013. Flickr.com / World Travel & Tourism Council

Skift Take

A Sabre IPO has been long anticipated as it has shed assets, off-loaded Travelocity North America operations, trimmed staff levels and brought in new management in anticipation of going public.

After seven years as a privately held company, Sabre, the GDS/technology company that is Travelocity's parent, filed its long-anticipated IPO registration statement. The company, owned by Texas Pacific Group and Silver Lake Partners, did not reveal the number of shares it intends to sell or the price range for the proposed offering. The S-1 statement is the first glimpse the public has been able to take at Sabre's financial results for year

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