November 22, 2006

Allegiant 73 Million!!

We should have been part of this.. The monies from the IPO will enable Allegiant to upgrade their fleet and expand to new destinations (currently Vegas, St Pete's and Sanford).

WASHINGTON, Nov 20 (Reuters) - Low cost airline and travel service company Allegiant Travel Co. filed with the U.S. Securities and Exchange Commission on Monday to sell up to 5 million shares for between $15 and $17 per share in an initial public offering of stock.

Underwriters, led by Merrill Lynch & Co., have the option to buy an additional 750,000 shares to cover overallotments, the filing said.

Assuming an offering price of $16 a share, the company -- which earned $10.3 million on revenue of $180.2 million in the first nine months of 2006 -- would have an initial market capitalization of about $300 million, according to the filing.

The Las Vegas, Nevada-based company expects to list its shares on the Nasdaq under the symbol "ALGT"

1 comment:

Anonymous said...

Carl Merchant is......the "Fluffer"