Spirit Airlines will sell shares for $14-$16

Discussion in 'Blogstand' started by sobore, May 13, 2011.

  1. sobore
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    sobore Gold Member

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    Spirit Airlines, a low-fare airline that ferries vacationers to the Caribbean and other spots, says it could raise up to $320 million by selling shares to the public.
    Spirit priced its offering Thursday at $14 to $16 per share for 20 million shares.
    After expenses, Spirit expects to raise net proceeds of $276.3 million, assuming that it gets the midpoint price of $15 per share.
    In September, the company filed for an initial public offering that it said then would raise up to $300 million. It plans to list shares on the Nasdaq stock market under the ticker symbol "SAVE."

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