A Spanish giant is about to make history going out in the United States: Travelperk

Travelperk has hired Morgan Stanley, Goldman Sachs and Jefferies, he published The Informationto prepare your IPO in the United States. It would be the most relevant Spanish -to -the -Spanish of recent years and a Wall Street appetite test for European startups.

The company of Catalan origin manages trips and corporate expenses for companies. Its last assessment reached 2.7 billion dollars in January 2025, twice a year earlier.

The context. Travelperk is not any startup:

• You have investors behind SoftBank Vision Fund, Capital Sequoia and Blackstone.
• Its CEO, Avi Meir, has built a company with more than 1,500 employees that has multiplied its income from before the pandemic.

He Timing It seems favorable. Business trips have recovered the pulse after the pandemic: the world market reached 1.5 billion dollars in 2024, 6% more than before COVID.

Yes, but. The IPO of European technology companies in the US have had disparate results. The US market is demanding, and competition, fierce. Travelperk has to demonstrate that he can grow sustainably in a sector dominated by American giants such as SAP Concur or American Express GBT (in addition newly allied).

The company has been preparing the land: in June acquired Amtrav to reinforce your presence in the American market. He also closed the purchase of the Switzerland Yokoy to expand to financial services.

Between the lines. The movement responds to a clear strategy:

1. Travelperk identified A 200,000 million market Between the US and Europe, where half of the trips are still without centralized management.
2. Medium -sized companies reserve on their own in Booking or Expedia, losing control and money.
3. The platform promises to solve that chaos with technology and IA.

Although the CEO does not fear autonomous agents of AI as Openai Operator, it recognizes that technological competition intensifies, according to an article by CNBC In January.

At stake. A successful IPO would send a powerful signal to the Spanish ecosystem, in need of success cases that show that global companies can be created here. Travelperk could become that reference, especially after few Spanish startups have reached assessments of that level in recent years.

And now what. The company has not confirmed dates or details of the operation. But hiring three first level investment banks suggests that the process is advanced. The next months will be key to knowing if Travelperk can achieve a virtually unpublished feat.

In fact, the question is not so much if Travelperk will go over (it seems clear that), but when and what price. The answer will say a lot about the future of Spanish startups in international markets.

In Xataka | Something is changing in Spanish startups: they are increasingly thought of global from the beginning

Outstanding image | Travelperk