Skift Take
Behind the investor appetite as American Express Global Business Travel prepares to go public.
Several travel and hospitality companies are poised to make their stock market debuts later this year, with one in particular that may stump a lot of people as it operates in the corporate travel sector — a sector that’s been devastated by the pandemic.
Yet American Express Global Business Travel, the world’s biggest corporate travel agency, could see its shares trading on the New York Stock Exchange in the first half of this year, if a planned merger with its special purpose acquisition company (or SPAC) partner Apollo Strategic Growth Capital goes ahead.
Covid has wiped out…