Spirit Airlines Prices IPO at Low End of Range

Spirit Airlines, which is owned by private equity firms Indigo Partners and Oaktree Capital Management, will raise $187.2 million in its initial public offering, nearly 42% less than it had initially expected, Reuters reported. Florida-based Spirit said it priced its offering of 15.6 million shares at $12.00 a share. The airline had expected to sell the shares between $12-$13 a share, Reuters wrote. Indigo Partners and Oaktree will own 72% of the airline after the offering.

DealsNorth AmericaUSBriefs