IPO filing officially canceled
07-29-2020, 10:32 AM
#1
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Joined APC: Aug 2010
Position: A319/A320/A321 CA
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IPO filing officially canceled
They’ve been sitting on that SEC IPO filing for 3 years. Why are they notifying that they intend to stay private right now? Is it just the forecast for the next few years or something more? It seems like could have continued to keep the filing on the back burner. Let the speculation begin.
https://bizwest.com/2020/07/28/front...s-cancels-ipo/
https://bizwest.com/2020/07/28/front...s-cancels-ipo/
07-29-2020, 12:55 PM
#2
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Are there costs with keeping it alive and filed. If so are they flat or relative to the proposed value? We could think it’s doom and gloom but we’re one of the best performing airlines regarding profit right now so doom and gloom is less likely. Most likely reasons are related to costs, expectations of large profits and not wanting to share them, and the ability to remain very flexible in trying times.
Or it’s just not needed anymore...
Or it’s just not needed anymore...
- A reverse merger is when a private companybecomes a public company by purchasing control of the public company.
- When a company plans to go public through an IPO, the process can take a year or more to complete, but with a reverse merger, a private company can go public in as little as 30 days.
07-29-2020, 05:22 PM
#3
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Originally Posted by Gary et al
Or it’s just not needed anymore...
- A reverse merger is when a private companybecomes a public company by purchasing control of the public company.
- When a company plans to go public through an IPO, the process can take a year or more to complete, but with a reverse merger, a private company can go public in as little as 30 days.
07-30-2020, 05:23 AM
#4
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Joined APC: Dec 2019
Posts: 193
Originally Posted by Gary et al
Are there costs with keeping it alive and filed. If so are they flat or relative to the proposed value? We could think it’s doom and gloom but we’re one of the best performing airlines regarding profit right now so doom and gloom is less likely. Most likely reasons are related to costs, expectations of large profits and not wanting to share them, and the ability to remain very flexible in trying times.
Or it’s just not needed anymore...
Or it’s just not needed anymore...
- A reverse merger is when a private companybecomes a public company by purchasing control of the public company.
- When a company plans to go public through an IPO, the process can take a year or more to complete, but with a reverse merger, a private company can go public in as little as 30 days.
07-30-2020, 05:53 AM
#5
Bus Driver ordinarie
Joined APC: Aug 2015
Position: Airbus CA
Posts: 555
Cost cutting
Speculation is fun; and i’m sure we’ll
see airline consolidation in the LCC/ULCC space before this is all done, but in all likelihood it was simply an effort To cut costs.
no doubt there were legal and administrative fees associated with the filing: and the company is just reducing cash burn anywhere it can.
something we should all be grateful for...
see airline consolidation in the LCC/ULCC space before this is all done, but in all likelihood it was simply an effort To cut costs.
no doubt there were legal and administrative fees associated with the filing: and the company is just reducing cash burn anywhere it can.
something we should all be grateful for...
07-30-2020, 06:00 AM
#7
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Most likely they never saw a window to get the IPO valuation they wanted and now the time frame is so far in the future to see that there is no point. Also if you are going to float a IPO you have to make a lot of financial disclosures a private company is not required to put out.
07-30-2020, 06:09 AM
#8
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Originally Posted by Aero1900
Allegiant has a very different business model. I seriously doubt we are going to merge with them.
07-30-2020, 06:16 AM
#9
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Originally Posted by madmax757
I
I wouldn't want to merge but it wouldn't be horrible IMHO...
I wouldn't want to merge but it wouldn't be horrible IMHO...
07-30-2020, 06:54 AM
#10
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Originally Posted by Aero1900
Allegiant has a very different business model. I seriously doubt we are going to merge with them.
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