Digital

Sabre Prices Shares for Its IPO Below Initial Range

@jasonclampet

Apr 16, 2014 8:47 pm

Sabre

Sabre's results with Travelocity and without. Sabre


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:

Tags: ,

Follow @jasonclampet

Next Up

More on Skift

Daily Travel Startup Watch: lokeel, Tipsandgo And More
Alibaba’s First Post-IPO Investment is $457 Million in Hotel Tech Firm
Skift Business Traveler: Cancel Your Flights Through Chicago This Week
Becoming a King of the Cloud: How Hoteliers Can Level the Playing Field Using Cloud Technology