Spirit Airlines (SAVE) IPO Trades Lower
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The IPO for Spirit Airlines, Inc. (Nasdaq: SAVE) is open for trading. Shares are trading at $11.23 after pricing 15,600,000 shares at $12.00, the low end of a revised $12-$13 range.
Citi and Morgan Stanley acted as joint bookrunners for the offering. Barclays Capital, Raymond James and Dahlman Rose & Company served as co-managers.
Spirit Airlines is an ultra-low cost, low-fare carrier that provides affordable travel opportunities in the United States, Caribbean and Latin America. Its all-Airbus fleet flies daily flights to over 40 destinations. The company is based in South Florida.
Citi and Morgan Stanley acted as joint bookrunners for the offering. Barclays Capital, Raymond James and Dahlman Rose & Company served as co-managers.
Spirit Airlines is an ultra-low cost, low-fare carrier that provides affordable travel opportunities in the United States, Caribbean and Latin America. Its all-Airbus fleet flies daily flights to over 40 destinations. The company is based in South Florida.
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