initial public offerings (IPOs) trading on American exchanges

Friday, December 23, 2011

In-flight Internet firm Gogo files for IPO

(Reuters) — Gogo Inc., an in-flight Internet connectivity provider, filed with the U.S. regulators on Friday to raise up to $100 million in an initial public offering of common stock.

The Itasca-based company told the U.S. Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, J. P. Morgan and UBS Investment Bank were underwriting the offering.

Gogo, which has Delta Air Lines, US Airways and Bombardier as its customers, expects to list its common stock under the symbol 'GOGO.'

The filing did not reveal how many shares the company plans to sell, their expected price or the exchange it aims to get listed on.

The company intends to use the proceeds from the offering for working capital and other general corporate purposes, it said in the filing.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

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