Digital Booking Sites

European Online Booking Site Odigeo Prepares for 2014 IPO

Jan 15, 2014 8:00 am

Skift Take

Odigeo is one of Europe’s largest travel site and its pending IPO is a positive sign of a rebounding travel sector in Europe and worldwide.

— Samantha Shankman

Turnkey Analytics to Track Your Competitors

The private-equity owners of Odigeo are working with JPMorgan Chase & Co. and Deutsche Bank AG to help prepare an initial public offering of the online travel agency this year, said two people with knowledge of the matter.

Odigeo, owned by Permira Advisers LLP and Ardian, the private-equity firm formerly known as AXA Private Equity, may be valued at about 1.5 billion euros ($2 billion), said one of the people, asking not to be named because the details aren’t public. The company is looking to sell shares to the public in London, Paris or Madrid, according to the person.

Odigeo, with more than 15 million annual customers according to its website, was formed in 2011 with the merger of eDreams and Go Voyages, backed by Permira and Ardian respectively, alongside the acquisition of Opodo from Madrid- based travel services group Amadeus IT Holding SA.

Spokesmen for the banks and the private equity owners of Odigeo declined to comment. Spokesmen for Odigeo declined to immediately respond to an e-mail seeking comment.

The Financial Times reported the move earlier today.

Editors: Simone Meier and Steve Bailey. To contact the reporters on this story: Ruth David in London at rdavid9@bloomberg.net; Kiel Porter in London at kporter17@bloomberg.net. To contact the editors responsible for this story: Simone Meier at smeier@bloomberg.net; Jacqueline Simmons at jackiem@bloomberg.net.

Tags: ,

Next Up

More on Skift

The 12 U.S. Airports With the Fastest Wi-Fi Connections
What We Already Know About Global Traveler Habits in 2014
Travel Startup GetGoing Drops Consumer Business in Favor of Corporate Travel
Online Bookers to Future: Give Me the Best Fares, and All on One Site