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Travelport Plans an Initial Public Offering of Orbitz Worldwide |
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Travelport Limited, the parent company of the Travelport group of companies, today announced that its wholly owned subsidiary, Orbitz Worldwide, Inc., has filed a registration statement with the Securities and Exchange Commission for the sale by Travelport of a portion of its ownership interest in Orbitz Worldwide in a planned initial public offering. |
Orbitz Worldwide will not receive any proceeds from the offering. Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co., Lehman Brothers Inc. and J. P. Morgan Securities Inc. are serving as joint book-running managers of the offering. The initial public offering is expected to take place in the third quarter of 2007.
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