Allegiant Going Public

[Ty Webb]

Pardon me if this has been posted previously, but it looks like Allegiant is trying to raise $80 million by going public.

Anyone know what they are planning to do with the money? New fleet type, perhaps?


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[jacko123]

They go public tomorrow 12/8. They plan to use the money for continued expansion. They aren’t planning on a new fleet type, not yet at least.

 

[chperplt]

As much as we would love a new type here, there really is no need for it just yet. The MD80 is dirt cheap and does the job very nice.

 

[Metro752]

Should I buy Allegiant?

 

[CaptainSpaz]

Here's Allegiant's registration with the SEC (Form S-1): http://www.sec.gov/Archives/edgar/data/1362468/000104746906007241/a2170224zs-1.htm

 

[anewunion]

ALGT- Market Cap 489 million.