Law360, New York (September 20, 2010, 12:55 PM ET) -- Florida-based budget air carrier Spirit Airlines Inc. is planning to sell shares of its common stock in an initial public offering pegged at $300 million, with the company hoping to hold onto about $150 million of the IPO proceeds.
Spirit, which bills itself as an “ultra-low-cost, low-fare airline” based out of Fort Lauderdale, announced the IPO in a U.S. Securities and Exchange Commission filing late Friday.
Attorneys from Latham & Watkins LLP are representing Spirit, according to the filing.
According to the filing, the airline is...
Latham Reps Spirit Airlines On $300M IPO
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