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Spirit Airlines files for $300 million IPO

September 17, 2010

Spirit Airlines, a low-fare airline offering travel opportunities to and from Florida, the Caribbean and Latin America, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The Miramar, FL-based company, which was founded in 1964, booked $707 million in sales for the 12 months ended June 30. Citi and Morgan Stanley are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.