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Virgin America IPO takes flight as discount airline files to raise $115 million

Virgin America, a US-based low-cost airline founded by Richard Branson, filed on Monday with the SEC to raise up to $115 million in an initial public offering. The Burlingame, CA-based company, which was founded in 2004 and booked $1.4 billion in sales for the...read more

Spirit Airlines quiet period ends July 5

Spirit Airlines, an ultra low-cost, low-fare airline w/service to FL, the Caribbean and Latin America, will see its quiet period end on Tuesday, July 5. On May 25, the company raised $187 million by offering 15.6 million shares at $12, below the range of $14 to...read more

Spirit Airlines prices IPO at $12, the low end of the downwardly revised price range

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...read more

Spirit Airlines decreases proposed IPO deal size by 35 percent

Spirit Airlines, an ultra low-cost, low-fare (ULCC) "frills-for-a-fee" airline with service to and from Florida, the Caribbean and Latin America, lowered the proposed deal size for its upcoming IPO on Wednesday. The Miramar, FL-based company now plans to raise...read more