Monday, June 10, 2013

Gogo Sets IPO Offering Range

Gogo, the in-flight wireless services company which has operations in Broomfield, Colorado, has set an offering range for its IPO. The company said today in a filing that it will offer up 11,000,000 shares of its common stock at between $15.00 and $17.00 per share. The firm is looking to list as GOGO on the NASDAQ Global Market. Setting an offering range is generally one of the steps indicating that a firm is about to price its stock on the market, as a company looks to gauge investor interest in its offering. Gogo filed for an IPO way back in 2011, and has since been biding its time hitting the market.