Irish leasing company Avolon has announced the pricing of its initial public offering (IPO), which will be placed between $21 and $23 per share.
First mooted in June, the lessor is releasing 13,636,363 shares to the public.
In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,045,455 shares.
Avolon will list its shares on the New York Stock Exchange under the symbol “AVOL”.
JP Morgan Securities, Morgan Stanley & Co and Citigroup Global Markets are acting as lead joint book-running managers for the offering.