Orbitz Files For $750M IPO

The private-equity consortium that owns Orbitz Worldwide filed with the U.S. Securities and Exchange Commission today to raise as much as $750 million in an initial public offering of common stock. The IPO includes Orbitz for Business and the Travelport corporate booking tool.

In March, Travelport Limited announced its intention to sell on the public market its ownership stake in its Orbitz Worldwide businesses. The private-equity group, which includes The Blackstone Group, has owned Travelport since is 2006 acquisition from Cendant Corp. Orbitz Worldwide reported $752 million in net revenue in 2006.

The filing did not show share details or which stock exchange will trade the shares. Orbitz Worldwide declined to comment.