Travelocity owner Sabre expects IPO to be priced at $18-$20/share-Reuters

(Reuters) – Sabre Corp, a major travel booking wholesaler and the owner of Travelocity website, said it expects its initial public offering of 44.7 million common shares to be priced at between $18 and $20 per share.

Texas-based Sabre’s IPO is expected to raise as much $895 million at the top end of the price range.

Sabre is backed by private equity firms such as TPG and Silver Lake.