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Allegiant Travel plans 5 million-share IPO

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Allegiant Travel Co., a flight provider at Springfield-Branson National Airport to several vacation destinations, announced today that it has filed for an initial public offering of its common stock.

The Las Vegas-based company has filed a registration statement with the Securities and Exchange Commission in anticipation of the offering. The IPO would include at least 5 million shares of common stock; that could increase to 5.75 million shares if the underwriters exercise their overallotment option in full.

The company plans to list its shares on the Nasdaq Stock Market under ticker symbol “ALGT.”

Merrill Lynch & Co. will act as sole book-running manager for the offering. Bear Stearns & Co. Inc. and Raymond James will act as co-managers.

Allegiant offers flights from Springfield-Branson National Airport to Las Vegas, Orlando, Fla., and Tampa/St. Petersburg, Fla.[[In-content Ad]]

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