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Travelport confirms $2bn London float
Wed, 08 Feb, 2012
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Travelport confirms $2bn London float
Tue, 19 Jan 2010, 16:07:00
Online travel company <b>Travelport</b> has confirmed that it is planning a $2bn London stock market listing in the first quarter of 2010. The Berkshire-based group is aiming to raise £1.2bn to reduce debts taken on by it private equity owner Blackstone. The flotation is being handled by Barclays, Citigroup, Credit Suisse, Deutsche Bank and UBS. Travelport is expected to be amongst the first of a slew of companies preparing to go public in the coming months. The Independent on Sunday says Engyco, a solar power producer, is looking to raise up to €1bn (£885m) for investment. Promethean, a provider of electronic whiteboards and interactive learning systems for schools, is rumoured to announce its intention to float next month, while Oxford-based internet security group Sophos is also said to be planning to list. Big Bear, the company that owns the Fox's Glaciers Mints and Sugar Puffs cereals, confirmed yesterday that it is going to float on London's Alternative Investment Market. The directors say they intend to grow the business through further development of its existing brands and may acquire more underperforming heritage food brands.
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