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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Sep. 26, 11:33 AM

Slide #20. Travelport Secondary Offering

Company: Travelport (NYSE:TVPT)
Date announced: 9/15/2016
Shares Offered: 7,986,979
Secondary Offering Details: Travelport (NYSE: TVPT) (the "Company"), a leading Travel Commerce Platform, announced today that certain of the Company's shareholders (the "Selling Shareholders") intend to offer in an underwritten public offering an aggregate of 7,986,979 of the Company's common shares (the "Offering"). The offering consists entirely of secondary shares to be sold by the Selling Shareholders. The Company will not receive any of the proceeds from the shares sold in the Offering.

Travelport Worldwide is a travel commerce platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry. Co. facilitates travel commerce by connecting travel providers, such as airlines and hotel chains, with online and offline travel agencies and other travel buyers in its business to business travel commerce platform (its Travel Commerce Platform). Co.'s Travel Commerce Platform connects travel providers and travel buyers, the latter of which includes travel agencies, travel management companies and corporations. Co. provides air distribution services to approximately 400 airlines globally.

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Company Name:  Travelport Worldwide Ltd
Sector:  Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding TVPT:  20
Total Market Value Held by ETFs:  $44.96M
Total Market Capitalization:  $1.84B
% of Market Cap. Held by ETFs:  2.45%

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September 26, 2016    11:33 AM Eastern
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Strong Buy (3.71 out of 4)
79th percentile
(ranked higher than approx. 79% of all stocks covered)
Based on Zacks ABR data;
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