Spirit Airlines, a ultra low-cost, low-fare airline with service to Florida, the Caribbean and Latin America, raised $187 million (38% less than previously anticipated) on Wednesday by offering 15.6 million shares at $12, at the low end of the revised $12 to $13 price range. The company had originally planned to sell 20 million shares at a range of $14 to $16. Spirit Airlines plans to list on the NASDAQ under the symbol SAVE. Citi and Morgan Stanley acted as lead managers on the deal.
