VAPOR
a mirac..it's in the hole
- Joined
- Nov 16, 2005
- Posts
- 103
Mon Nov 20, 2006 9:02am ET
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"
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"
