Digital

Sabre Prices Shares for Its IPO Below Initial Range

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.

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Tags: ipo, sabre

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Luxury travelers are looking for more than just posh accommodations and generic pampering. Savvy suppliers and tourism organizations are capitalizing on the desire for authentic experiences, as the sharing economy continues to present new ways to connect travelers with local culture.

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