NEW YORK, July 19 (Reuters) - The initial public offering of global online travel company Orbitz Worldwide Inc. priced at $15 per share, which was below expectations, an underwriter said on Thursday.
The offering of 34 million shares was expected to price in the range of $16 to $18.
Travelport, the parent of Orbitz.com, said in March it would sell a portion of its ownership in the travel reservations Web site through an IPO. The stock will trade under the symbol “OWW” OWW.N on the New York Stock Exchange.
Morgan Stanley, Goldman Sachs & Co., Lehman Brothers Inc., and J.P. Morgan Securities, Inc. are book-running managers of the offering.