American Specific International Enterprise Journey introduced that it’s going to start buying and selling as a public firm on the New York Inventory Trade on Might 31, 2022.
The corporate, which initially introduced its plan to go public by a enterprise mixture with Apollo Strategic Progress Capital final December, will commerce below the image “GBTG.”
Paul Abbott, CEO of Amex GBT, mentioned: “With strategic initiatives lately, together with complementary cumulative acquisitions, product and expertise enhancements and lasting value reductions, we’re assured that we’re very effectively positioned to realize a bigger share. of the $1.four trillion enterprise journey market. As a publicly traded firm, we may have the flexibleness to additional speed up our development technique.
“Buying and selling as a public firm is the results of years of labor to strengthen our management place out there. Whereas itemizing our firm is an achievement, it additionally marks the start of a brand new section of development together with a give attention to delivering long-term shareholder worth because the world’s largest publicly traded B2B journey platform.” .
Amex GBT introduced the acquisition of Ovation Journey Group in January 2021 adopted by Egencia from proprietor Expedia in Might 2021.
Previous to these acquisitions, the corporate introduced that it had bought 30SecondsToFly, an AI-powered messaging service, in October 2020.