NEW YORK–(BUSINESS WIRE)–American Categorical International Enterprise Journey (“Amex GBT” or the “Firm”), the world’s main B2B journey platform, right this moment introduced that it’ll start buying and selling as a public firm on the New York Inventory Change (“NYSE”) underneath ticker image “GBTG” on Might 31, 2022.
Paul Abbott, Amex GBT’s Chief Govt Officer, mentioned: “At this time marks a big milestone within the enterprise journey trade restoration and for Amex GBT. With strategic initiatives over the previous few years, together with complementary accretive acquisitions, product and know-how enhancements and lasting price reductions, we’ve got confidence that we’re very nicely positioned to win a bigger portion of the $1.4 trillion enterprise journey market. As a publicly traded firm, we can have the pliability to additional speed up our development technique.
“Buying and selling as a public firm follows years of labor to strengthen our market management place. Whereas itemizing our firm is an achievement, it additionally marks the start of a brand new part of development paired with a deal with delivering long-term shareholder worth because the world’s largest publicly traded B2B journey platform.”
Amex GBT has develop into a publicly traded firm following the completion of its beforehand introduced enterprise mixture with Apollo Strategic Progress Capital (NYSE: APSG, APSG.U, APSG WS) (“APSG”), which was authorised by APSG shareholders on Might 25, 2022, and closed on Might 27, 2022. Concurrently with the closing of the enterprise mixture, the Firm acquired proceeds from money in belief and PIPE investments, together with sizable investments by strategic buyers Zoom and Sabre, and new buyers Apollo, Ares and HG Vora. These buyers be part of American Categorical Firm, Certares and Expedia Group, which stay invested within the Firm. The Class A standard inventory and warrants of the newly mixed firm, International Enterprise Journey Group, Inc., will commerce on the NYSE underneath the brand new ticker symbols “GBTG” and “GBTG WS”, respectively, starting on Might 31, 2022.
About American Categorical International Enterprise Journey
American Categorical International Enterprise Journey is the world’s main B2B journey platform, offering software program and providers to handle journey, bills, and conferences & occasions for corporations of all sizes. We have now constructed probably the most invaluable market in B2B journey to ship unrivalled alternative, worth and experiences. With journey professionals in additional than 140 nations, our prospects and vacationers benefit from the highly effective backing of American Categorical International Enterprise Journey.
“American Categorical,” “Amex,” “highly effective backing” and the American Categorical emblem are emblems or service marks of, and the property of, American Categorical Firm or its subsidiaries (American Categorical). GBT Journey Companies UK Restricted (GBT UK) and its licensed sublicensees use the American Categorical emblems and repair marks within the “American Categorical International Enterprise Journey” model and in reference to its enterprise underneath a restricted license from American Categorical. GBT UK is a subsidiary of International Enterprise Journey Group, Inc. American Categorical holds a minority curiosity in International Enterprise Journey Group, Inc., which operates as a separate firm from American Categorical. As such, an funding in International Enterprise Journey Group, Inc. isn’t an funding in American Categorical. American Categorical shall not be accountable in any method in any respect for, and in respect of, the statements herein, all of that are made solely by International Enterprise Journey Group, Inc.
This press launch comprises sure “forward-looking statements” throughout the which means of the Personal Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. All statements apart from statements of historic reality contained on this press launch, together with these associated to journey restoration, market dimension and development alternatives, are forward-looking statements. A few of these forward-looking statements could be recognized by means of forward-looking phrases, together with “anticipate,” “count on,” “suggests,” “plan,” “imagine,” “intend,” “estimates,” “targets,” “predicts,” “initiatives,” “ought to,” “might,” “would,” “might,” “will,” “proceed,” “forecast” or different comparable expressions. All forward-looking statements are primarily based upon estimates and forecasts and mirror the views, assumptions, expectations, and opinions of the Firm as of the date of this press launch, and should embody, with out limitation, adjustments generally financial situations because of COVID-19, all of that are accordingly topic to vary. Any such estimates, assumptions, expectations, forecasts, views or opinions set forth on this press launch must be thought to be indicative, preliminary and for illustrative functions solely and shouldn’t be relied upon as being essentially indicative of future outcomes.
The forward-looking statements contained on this press launch are topic to quite a few components, dangers and uncertainties, a few of which aren’t presently recognized to the Firm. You need to rigorously think about the dangers and uncertainties described within the “Threat Elements” part of the registration assertion on Type S-4 filed by APSG with the SEC, which was declared efficient by the SEC on Might 4, 2022, the proxy assertion/prospectus and different paperwork filed or which may be filed by the Firm every so often with the SEC. These filings determine and handle different essential dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from anticipated outcomes contained within the forward-looking statements. Most of those components are outdoors the Firm’s management and are troublesome to foretell. Elements which will trigger such variations embody, however will not be restricted to: (1) the result of any authorized proceedings which may be instituted in opposition to the Firm following the completion of the enterprise mixture; (2) the shortcoming to acknowledge the anticipated advantages of the enterprise mixture, which can be affected by, amongst different issues, competitors, the flexibility of the Firm to develop and handle development profitably, preserve relationships with prospects and suppliers and retain key workers; (3) adjustments within the relevant legal guidelines or laws; (4) the likelihood that the Firm could also be adversely affected by different financial, enterprise, and/or aggressive components; (5) the continuing affect of the worldwide COVID-19 pandemic; and (6) different dangers and uncertainties described within the Firm’s filings with the SEC. The Firm cautions that the foregoing checklist of things isn’t unique and to not place undue reliance upon any forward-looking statements, which communicate solely as of the date made.
The Firm doesn’t undertake or settle for any obligation to launch publicly any updates or revisions to any forward-looking statements to mirror any change in its expectations or any change in occasions, situations or circumstances on which any such assertion relies, besides as required by regulation.