Long anticipated, the IPO would generate proceeds to repay debt and for "general corporate purposes." Sabre has not yet determined how many shares it will sell, the per-share price range or the timing of the IPO. The registration statement laid out Sabre's financial performance, which for the nine months through Sept. 30, 2013, included a $127 million net loss attributable to the company, 18 percent deeper than in the year-earlier period. Adjusted earnings before interest, taxes, depreciation and amortization declined about 8 percent year over year to $577 million, while total revenue essentially was flat around $2.3 billion. Sabre claimed its global distribution system in 2012 handled "over 50 percent" of the GDS air bookings combined from American Express, BCD Travel, Carlson Wagonlit Travel and Hogg Robinson Group, and 37 percent of total global GDS air bookings. Sabre has been a private company since being
acquired in 2007 by TPG Funds and Silver Lake Funds.