TripActions has declined to comment on reports that it has filed documents for a confidential IPO.
The California-based corporate travel startup says it has “long considered a potential initial public offering as one option to fund the business” but declined to comment on any specific plans or timing.
Media outlets reported in August that the company was working with Goldman Sachs on an IPO valuing the company at $9 billion.
More recent reports says the valuation is $12 billion.
Speaking during The Phocuswright Conference 2021 last November, Ariel Cohen, co-founder and CEO of TripActions, said the company wasn't far from an IPO.
He added: "Some companies see IPO as their mission. I do see it has building an Amazon of business travel and I think it will take years and in this process we will have to IPO. If you look at the type of money and the amount, of course we will have to IPO. I personally see it as an important milestone but it's just another funding event."
TripActions has raised more than $1 billion in funding, including $275 million a year ago.
The company acquired Germany-based Comtravo earlier this year followed by Sweden’s Resia in March, deepening its presence in Europe.
TripActions announced its first acquisition, U.K. travel management company Reed & Mackay, in May 2021.
Watch the full interview with Ariel Cohen and PhocusWire editor-in-chief Mitra Sorrells:
Executive Interview: TripActions - Ariel Cohen - The Phocuswright Conference 2021