Orbitz, the US online flight tickets outlet founded at the height of the internet boom two years ago, will attempt to reopen market demand for internet retail stocks when it floats this summer.
Orbitz filed on Monday to launch a $125m (€136m) initial public offering in a deal that Goldman Sachs will manage. Goldman is set to earn the majority of $8.5m worth of fees on the deal. Credit Suisse First Boston, which was fined $100m last year for abusive selling practices in web IPOs, is co-manager.