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$494 Million

Sabre Corporation

Follow-on Offering

Co-Manager, February 2015

Sabre holds the number-two share of global distribution system bookings (high-30s as of Sept. 30, 2019). The global distribution system segment represented 73% of total 2018 revenue. The company also has a growing IT solutions division (27% of revenue) that focuses on the airline, hospitality, and travel agent end markets. Transaction fees, which are tied to volume and not price, account for the bulk of revenue and profits.