Amadeus could be set to join the list of travel companies to suspend plans for a public listing as investors continue to remain nervous about the wider financial marketplace.
A number of sources close to the Madrid-based travel technology firm confirm that plans to push the company to the marketplace at some point in Q2 2010 are now officially under review.
The timing is being portrayed as purely coincidental, but the news that a review of the public listing strategy is under way comes just a week after Travelport announced its own IPO was on hold.
However, Amadeus considers itself a different business to Travelport with what is says are strengths in emerging markets and activities in pureplay technology outside of the airline GDS business.
Sabre has also recently cooled its interest in entering the public markets after hopes were raised on Wall Street in October 2009 following comments by president and CEO Sam Gilliland.
Amadeus has not publicly acknowledged plans for an IPO, but it was well known that the GDS and technology firm has earmarked its home town of Madrid to list and has appointed Goldman Sachs, JP Morgan Chase and Morgan Stanley to run its affairs ahead of the move.
Unfavourable and prevailing market conditions were cited by Travelport in its about-turn last week - similar reasons, no doubt, for the focus at Amadeus given that jittery investment houses will be nervous at the high value attached to any deal, put at around Euro 8 billion in Q4 2009.
The situation has changed dramatically in just six weeks with what appeared to be five reasonably solid IPOs in the travel and related technology sectors expected to list in 2010.
Amadeus is refusing to comment on any aspect of the IPO, including the latest circumstances involving a review of the strategy.