Travelport weighs US IPO as passengers return

Travel-booking software provider Travelport is exploring a US IPO as pandemic restrictions start to lift globally, according to people with knowledge of the matter. The technology company, which was taken private in 2019 by Elliott Investment Management and Siris Capital Group, may go public as soon as the second half of this year, said one of the people, who asked not to be identified discussing confidential information. A final decision on pursuing an IPO hasn’t been made and the company’s plans could still change, the people said. A spokesperson for Travelport didn’t immediately respond to a request for comment. Representatives for Elliott and Siris declined to comment. Travelport’s customers have included American Airlines Group, Southwest, Singapore Airlines and Webjet, its website shows. The company has $3.8b in net debt, said a person familiar with the matter. Under the ownership of Elliott and Siris, Travelport made changes to its management team, including naming former Sabre Corp. executive Greg Webb as chief executive officer. The company has also cut costs and taken strategic steps such as rolling its offerings into a core platform known as Travelport+.<br/>