The Online Investor

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., May. 8, 5:47 AM

Slide #5. Allegiant Travel Company Secondary Offering

Company: Allegiant Travel Company (NASDAQ:ALGT)
Date announced: 5/5/2021
Shares Offered: 1,350,000
Date of Pricing: 5/5/2021
Price Per Share: $219.00
Secondary Offering Details: Allegiant Travel Company (NASDAQ: ALGT) ("Allegiant", "we," "us," or "our") has commenced an underwritten public offering of 1,350,000 shares of its common stock (the "Shares" and such offering the "Offering"). Allegiant intends to grant the underwriters of the Offering a 30-day option to purchase up to 202,500 additional Shares. -updated 5/5- Allegiant Travel Company (NASDAQ: ALGT) ("Allegiant", "we," "us," or "our") has announced that it priced the underwritten public offering of 1,350,000 shares of its common stock (the "Shares" and such offering the "Offering") at a public offering price of $219.00 per Share, for aggregate gross proceeds of $295,650,000.00. Allegiant has granted the underwriters of the Offering a 30-day option to purchase up to 202,500 additional Shares. The Offering is expected to close on or about May 10, 2021, subject to the satisfaction of customary closing conditions.

Allegiant Travel is a travel company. Co.'s travel services and products include: scheduled service air transportation, which provides scheduled air transportation between cities and leisure destinations; ancillary air-related products and services, which provides unbundled air-related services and products in conjunction with air transportation; third party products and services, which provides third party travel products such as hotel rooms and ground transportation; fixed fee contract air transportation; and other, a non-airline activities including its Sunseeker Resort related golf course, family entertainment centers, and its management solution to golf courses around the country.

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Company Name: 
Allegiant Travel Company
Stock buyback: 
ALGT buyback
Website: 
www.allegiant.com
Sector: 
Airlines
Number of ETFs Holding ALGT: 
46
Total Market Value Held by ETFs: 
$698.29M
Total Market Capitalization: 
$3.84B
% of Market Cap. Held by ETFs: 
18.18%
 

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Strong Buy (3.75 out of 4)
72nd percentile
(ranked higher than approx. 72% of all stocks covered)

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