WASHINGTON_Discount airline operator Allegiant Travel Co. plans to go public in an initial offering worth as much as $100 million, according to a regulatory filing.
The Las Vegas-based company operates a low-cost passenger airline that targets leisure travelers in small cities.
Neither the number of shares to be offered nor an estimated price range for the IPO were disclosed in a Monday filing with the Securities and Exchange Commission.
Proceeds will be used to buy additional aircraft and for general corporate purposes, the filing said.
The shares are expected to be listed on the Nasdaq Stock Market under the symbol ALGT.
Allegiant posted net income of $7.3 million for 2005, down from $10.3 million a year before.
