Sabre has priced its shares for tomorrow’s IPO below it’s initial price range.
The travel tech firm, which began life as an appendage of American Airlines and evolved to own Travelocity, will offer 39.2 million shares priced at $16. The original price range was $18-$20.
The lower price reflects both a softened market for tech IPOs, as well as challenges particular to Sabre.
More About Sabre:
- Travelocity Issue Still Hangs Over Sabre’s Expected April 16 IPO
- Sabre Took Losses on Four out of Six Asset Sales in 2012 and 2013
- Sabre Files For IPO, Reveals Years of Financial Losses