On May 31, 2022, American Express Global Business Travel will begin trading as a public company on the New York Stock Exchange under the ticker symbol “GBTG.”

“Today marks a significant milestone in the business travel industry recovery and for Amex GBT,” said Paul Abbott, Amex GBT’s Chief Executive Officer. He adds that w ith strategic initiatives such as complementary accretive acquisitions, product and technology enhancements, and long-term cost reductions implemented over the last few years, they are confident that they are well positioned to capture a larger share of the $1.4 trillion business travel market. He believes that  Amex will be able to accelerate their growth strategy even further now that they are a publicly traded company.

“Trading as a public company follows years of work to strengthen our market leadership position. While listing our company is an achievement, it also marks the beginning of a new phase of growth paired with a focus on delivering long-term shareholder value as the world’s largest publicly traded B2B travel platform.”

Following the completion of its previously announced business combination with Apollo Strategic Growth Capital (NYSE: APSG, APSG.U, APSG WS) (“APSG”), which was approved by APSG shareholders on May 25, 2022, and closed on May 27, 2022, Amex GBT has become a publicly traded company.

Concurrent with the business combination, the Company received proceeds from cash in trust and PIPE investments, including substantial investments by strategic investors Zoom and Sabre, as well as new investors Apollo, Ares, and HG Vora. These new investors join American Express Company, Certares, and Expedia Group as shareholders of the Company. Global Business Travel Group, Inc.’s Class A common stock and warrants will trade on the NYSE under the new ticker symbols “GBTG” and “GBTG WS” beginning May 31, 2022.


Please enter your comment!
Please enter your name here