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Mesa Air Group prices downsized IPO at $12, well below the range

Mesa Air Group, a regional airline providing contract-based flying for United and American Airlines, raised $116 million by offering a downsized 9.6 million shares at $12, well below the $14 to $16 range after delaying pricing by one day. The Phoenix, AZ-based company originally planned to raise $161 million by issuing 10.7 million shares at the same range. At pricing, Mesa will command a fully diluted market value of $426 million and an enterprise value of $1.2 billion. Mesa Air Group plans to list on the Nasdaq under the symbol MESA. Raymond James and BofA Merrill Lynch acted as lead managers on the deal.

The article Mesa Air Group prices downsized IPO at $12, well below the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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