Orbitz files for IPO
May 11, 2007 | Online Travel
Private-equity firm Blackstone Group is taking Orbitz Worldwide Inc. public less than a year after it acquired the online travel company through its $4.3 billion acquisition of Travelport. Orbitz won't receive any proceeds of the offer. They will be passed on to Travelport which will use them to repay a portion of its senior credit facility.
Private-equity firm Blackstone Group is taking Orbitz Worldwide Inc. public less than a year after it acquired the online travel company through its $4.3 billion (€3.18 billion) acquisition of Travelport.
Orbitz filed paperwork Thursday with the Securities and Exchange Commission to sell as much as $750 million (€554.5 million) of stock to investors.
One of the largest online travel companies in the world, Orbitz operates a suite of consumer Web sites, including Orbitz, CheapTickets, ebookers, HotelClub, RatesToGo and the Away Network.
Its corporate travel brands include Orbitz for Business and Travelport for Business. Orbitz brokers air tickets, hotel rooms, vacation packages, car rentals and cruises.
Together, the company’s U.S. brands have nearly 48 million registered users and more than 25 million unique visitors each month, Orbitz said in its prospectus. The company generated about $10 billion in gross bookings last year, including $8.7 billion in the U.S.
Get the full story at the International Herald Tribune
Related Articles
UK travel industry in for ‘white knuckle ride’ in 2009
01 Dec, 2008 | Online Travel
Priceline plans marketing push for booking.com
01 Dec, 2008 | Online Travel
China’s eLong Q3 net loss widens
27 Nov, 2008 | Online Travel
hotels.com offers the ‘millionth review’ sweepstakes
27 Nov, 2008 | Online Travel
In tough times for travel business, Europe holds steady
26 Nov, 2008 | Online Travel
Budgets shrink, and holiday fares follow suit
26 Nov, 2008 | Online Travel
Survey: Singles can’t find the right holiday
26 Nov, 2008 | Online Travel
Expedia and Carlson Hotels launch flexible pricing pilot
25 Nov, 2008 | Online Travel
Indian OTAs - are they getting it right?
25 Nov, 2008 | Online Travel
Zuji survey with insights on travel in a downturn economy
25 Nov, 2008 | Online Travel
Most Popular Articles
10 travel technology predictions revisited
12 Nov, 2008 | Online Travel
Travel: Weakening demand becomes falling demand
19 Nov, 2008 | Online Travel
The disturbing inaccuracy behind Google Analytics
18 Nov, 2008 | Internet Marketing
OTAs feel pinch of weaker demand
13 Nov, 2008 | Online Travel
Expedia to restructure
18 Nov, 2008 | Online Travel
Luxury business-traveler segment going away with great speed
19 Nov, 2008 | Hospitality Industry
TripAdvisor wants your hotel website
20 Nov, 2008 | Hospitality Industry
How much will online travel slow?
13 Nov, 2008 | Online Travel
Hotels struggle, but guests less so
18 Nov, 2008 | Hospitality Industry
Back-to-basics marketing tips for today’s challenging economic conditions
27 Nov, 2008 | Hospitality Industry
Economic Downturn
UK travel industry in for ‘white knuckle ride’ in 2009
01 Dec, 2008 | Online Travel
Strategies for booking hotels on a budget
01 Dec, 2008 | Hospitality Industry
Back-to-basics marketing tips for today’s challenging economic conditions
27 Nov, 2008 | Hospitality Industry
Effective online marketing in a recession
27 Nov, 2008 | Internet Marketing
In tough times for travel business, Europe holds steady
26 Nov, 2008 | Online Travel
Budgets shrink, and holiday fares follow suit
26 Nov, 2008 | Online Travel
Hotels: managing in a downturn
26 Nov, 2008 | Hospitality Industry
Zuji survey with insights on travel in a downturn economy
25 Nov, 2008 | Online Travel
Travel: Weakening demand becomes falling demand
19 Nov, 2008 | Online Travel
Luxury business-traveler segment going away with great speed
19 Nov, 2008 | Hospitality Industry
Marketers need to adapt to new economic conditions
19 Nov, 2008 | Internet Marketing
Hotels struggle, but guests less so
18 Nov, 2008 | Hospitality Industry
OTAs feel pinch of weaker demand
13 Nov, 2008 | Online Travel
Travelport GDS business declines 10% in Q3
13 Nov, 2008 | Online Travel
How much will online travel slow?
13 Nov, 2008 | Online Travel

















