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Spirit Airlines Aiming to Raise $320 Million through Initial Public Offering

Florida-based Spirit Airlines could raise as much as $320 million in its initial public offering after shares were priced between $14 and $16 yesterday.

 

The low cost carrier had initially planned to raise $300 million when it filed for its IPO last September.

 

The carrier says it will use most of the funds to pay off debt.

 

Spirit employs nearly 2,300 workers and now operates more than 150 flights per day to 40 destinations.

 

Source: Reuters

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