Jetblue
JetBlue Airways IPO
• In April 2000, JetBlue first started in New York City’s John F. Kennedy Airport.
• Even after the 2001 terrorist attacks, company remained profitable and was growing aggressively.
• To support their growth and offset portfolio losses by their venture capital investors, management was ready to raise additional capital through a public equity offering.
• With representatives of co-lead manager Morgan Stanley and the JetBlue board was trying to come to an agreement on the offering price of the new shares. The initial price range was from $22 to $24. Facing sizable excess demand for the 5.5 million shares planned in the IPO, management had recently filed an increase in the offering price range to $25 to $26. NASDAQ was prepared for JBLU (the company’s ticker symbol) to begin trading on the exchange.
JetBlue Airways
• Ex-Continental Airlines vice-president, David Barger, had agreed to become the new JetBlue president and CEO.
• John Owen......
View the rest of this paper...
Approximate Word Count: 1133
Approximate Pages: 5 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
Jetblue Airlines
Jetblue Airlines Company History from Jetblue.com Company milestones 30-Nov-2006 Hola Cancun! JetBlue adds its first nonstop service to Mexico 3-Oct-2006 Columbus Goes Wild for
-
Jetblue Airways
JetBlue Airways Introduction In a world with tighter business cycles, new technology and international competition, running a company/organisation is becoming even more complex
-
Jetblue Airways
Jetblue Airways JetBlue is a small passenger airline company that provides a special first class experience with a low budget coach price. JetBlue started out in 2000, by serving
-
Jetblue Rising
Jetblue Rising I. The Problem A. The Key Fact Although JetBlue is expanding very quickly and has already won many service awards, they still represent only 2.3% of the domestic
-
Jetblue:Leadership With Wings
JetBlue:Leadership with Wings JetBlue: Leadership with Wings "To continue to bring humanity back to air travel." This is the promise JetBlue Airways Corporation has made to its
Frat Files
Members
Information
© 2009 FratFiles.com.