Ropes & Gray Advises Underwriters on Sabre IPO
A cross-practice Ropes & Gray team is representing the underwriters in the initial public offering of Sabre Corp., which filed its preliminary prospectus on April 4 with a price of $18 to $20 per share of its common stock. Southlake, Texas-based Sabre is a leading provider of technology solutions for the global travel and tourism industry and is the parent company of online travel hub Travelocity. Sabre seeks to raise as much as $895 million in the IPO.
The Ropes & Gray team was led by private equity transactions partner Craig Marcus (Boston) and included benefits partner Renata Ferrari (Boston).