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Aircraft leasing company Genesis Lease prices 27.9mm shares at $23, top of the range

December 14, 2006
GLS

Genesis Lease, a newly-formed aircraft lessor carve-out of GE Commercial Aviation Services, priced 27.9 million shares at $23 Wednesday night. The offer price represents the top of the proposed $21-$23 range. Genesis Lease is the third aircraft lessor to go public in the second half of this year. The stock is expected to begin trading on the New York Stock Exchange this morning under the ticker GLS. Citigroup and JP Morgan managed the deal.