Orbitz Worldwide Celebrates IPO on NYSE

BUSINESS WIRE

Posted: 2007-09-05 13:12:32


NEW YORK--(BUSINESS WIRE)----Orbitz Worldwide Inc., a leading global online travel company based in Chicago, Ill., today celebrated its recent IPO and start of trading as a public company on the New York Stock Exchange under the ticker symbol "OWW."


To celebrate today's special occasion, Orbitz Worldwide CEO and president Steven Barnhart rang today's Opening Bell.


"We welcome Orbitz Worldwide to our growing roster of NYSE-listed technology companies," said NYSE Euronext CEO John A. Thain. "The NYSE looks forward to providing Orbitz Worldwide and its shareholders with the superior services, market quality and brand visibility from listing on NYSE Euronext markets."


"As Orbitz Worldwide evolves into a global travel and technology company focused on innovation, the NYSE listing enables us to stand shoulder to shoulder with some of the leading companies in the global economy," said Steven Barnhart, CEO and president of Orbitz Worldwide.


As an example of that innovation, Orbitz Worldwide recently announced the re-launch of the ebookers brand in the United Kingdom, the first of its online travel sites to migrate to the company's global technology platform. Yesterday, the company announced the launch of OrbitzTLC(SM) Traveler Update (http://updates.orbitz.com), a mobile and on-site service that enables customers of Orbitz.com to report on real-time travel conditions at airports around the country.


Following Raleigh, NC-based Red Hat (NYSE: RHT), other technology leaders that recently decided to join the NYSE include PROS Holdings, Inc. (NYSE: PRO) a Houston, Texas-based provider of pricing and revenue optimization software; VMware (NYSE:VMW), a leading provider of virtualization software based in Palo Alto, Calif., and Netezza Corp. (NYSE Arca: NZ), a Framingham, MA-based provider of data warehousing services that listed on NYSE Arca.


The combined global market capitalization of NYSE-listed technology companies listed on the NYSE is $3.5 trillion (July 31, 2007) - more than any other exchange.


About Orbitz Worldwide

Orbitz Worldwide (NYSE: OWW) is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns and operates a portfolio of consumer brands that includes Orbitz(R) (www.orbitz.com), CheapTickets(R) (www.cheaptickets.com), ebookers(R) (www.ebookers.com), HotelClub(TM)(www.hotelclub.com), RatesToGo(TM) (www.ratestogo.com), the Away Network(TM) (www.away.com) and corporate travel brands Orbitz for Business(TM) and Travelport for Business(TM) (www.travelportcorporatesolutions.com).


About NYSE Euronext (NYSE: NYX)

NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world's largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.8 trillion/EUR 22.8 trillion total market capitalization of listed companies and average daily trading value of approximately $127.0 billion/EUR 94.0 billion (as of June 29, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.


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NYSE Euronext Christiaan Brakman, 212-656-2094 cbrakman@nyse.com