Republic Details IPO Plans
Indianapolis-based Republic Airways will soon issue five million shares of stock at between $14 and $16 each in its third attempt to take the company publi

Indianapolis-based Republic Airways will soon issue five million shares of stock at between $14 and $16 each in its third attempt to take the company public, according to a prospectus filed last month with the SEC. The estimated $67 million IPO would help the company finance large commitments for new regional jets, the most recent involving a firm order for 13 Embraer 170s with options on another 37, twelve of which it plans to convert by July 1. Signed to fulfill a new code-share partnership with United Airlines, the Embraer 170 deal came just weeks after the company converted options on 16 ERJ-145s for use in subsidiary Chautauqua Airlines’ Delta Connection network.