Travelport is to resurrect its plan to join the public financial markets, issuing documents today with its intention to list in the US.
The company will seek to raise $100 million as part of the listing.
The decision to IPO puts a full stop on a period of manoeuvring behind the scenes for Travelport as it sought to establish a more sound financial footing, following a turbulent mid-2011 when negotiations took place to extend its debt repayments.
Morgan Stanley, UBS, Credit Suisse and Deutsche Bank Securities will act as book-runners for the offering, according to the S1 lodged with the US Securities and Exchange Commission.
The move comes four years after a previous attempt to list on the financial markets in London was pulled three weeks into its investor roadshow, citing poor financial conditions for going public as economies in southern Europe took a nosedive.
The company will follow in the footsteps of rivals Sabre and Amadeus, both of which are now listed on the public markets in the US and Spain respectively.
Amadeus managed to "get away" in April 2010 and US-based Sabre listed in April 2014 after a three-month roadshow following its widely expected decision to list earlier this year.
Although Travelport has never ruled out a return to the public markets following its earlier attempt in 2010, it was unclear until very recently if market conditions or its own internal financial situation would give it a favourable pathway to a listing in the minds of investors.
But traction on a number of new services and products (most significantly the launch and growth of its Merchandising Platform, including securing both previously GDS-shy low cost carriers Ryanairand AirAsia) and bond-for-equity swaps with a number of major lenders earlier this year have given the company the green light to go ahead.
The company has also quietly introduced new branding ("Redefining travel commerce") in recent weeks, sought to offload its large stake in Orbitz and made changes to its senior management team and board, including the departure of former-CEO Jeff Clarke as a director earlier this year.