Intrepid Aviation, a modern aircraft lessor seeking to double its fleet of 16 aircraft worth $1.7 billion, filed on Wednesday with the SEC to raise up to $150 million in an initial public offering.
Intrepid lists Avolon Holdings (AVOL) among its competitors; the aircraft lessor filed in June for an IPO that could raise $300 million or more. Virgin America (VA), pricing its $300 million IPO later this week, is notable for leasing 100% of its fleet.
The Stamford, CT-based company, which was founded in 2011 and booked $110 million in rental revenue for the 12 months ended June 30, 2014, plans to list on the NYSE under the symbol INTR. Intrepid Aviation initially filed confidentially on August 6, 2014. Goldman Sachs, BofA Merrill Lynch and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
