Travelport files for $100m float

Oliver Smith
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TRAVELPORT, the airline ticketing firm, filed with the US securities and exchange commission yesterday for a US listing.

The company, controlled by private equity giant Blackstone, indicated it aims to raise up to $100m (£60m) from the float.

The company reported a loss of $27m during the three months to 31 March, compared with a $22m loss a year earlier. Revenue rose four per cent to $572m.

Morgan Stanley and UBS are listed as lead underwriters.

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