Singaporean Govt. Invests In Travelport Ahead Of IPO

The Government of Singapore Investment Corporation (GIC) in December agreed to purchase $225 million worth of shares in Travelport, giving it a 7.2 percent stake following the global distribution system provider's planned initial public offering. Travelport today announced that the IPO on the London Stock Exchange would take place this quarter and raise an estimated $1.8 billion.