Private equity-backed travel group Odigeo is set to raise approximately €350m for its soon-to-be-announced IPO, Bloomberg has reported.
The listing would value the company at around €1.5bn, with a debt pile of some €300m.
Buyout firms Ardian (then AXA Private Equity) and Permira bought Opodo in 2011 from Amadeus for €450m through portfolio companies Go Voyages and eDreams, with they later merged to create Odigeo.
Reports in September 2012 said AXA and Permira were considering an IPO for the business in a listing that would give it a similar valuation.
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