Two of the burning questions for Travelport ahead of its planned listing on the London Stock Exchange have already been answered – its ongoing strategy for investment in Orbitz and succession planning for its CEO.



The travel technology and Global Distribution System provider is hoping to complete the listing in London within four to six weeks, subject to the investor roadshows planned for later this month and during February running smoothly.



Although there is a 360-day lockdown of senior management and directors on completion of the offering, Tnooz can reveal deputy chief executive Gordon Wilson is most likely to take over once current president and CEO Jeff Clarke steps down.

Confirmed news this morning that Travelport has – true to the speculation reported yesterday – will list on the London Stock Exchange.



A copy of the list documents required for an IPO in London indicate Travelport intends to raise $2 billion through by issuing new shares to the markets.



Approximately $1.8 billion will be obtained via the global offer and a further $225 million from the Government of Singapore Investment Corporation (GIC).