updated 11/12/2010 2:50:11 PM ET 2010-11-12T19:50:11

Republic Airways Holdings Inc. said Friday it priced its 12 million share public offering at $7.80 per share.

Shares rose 31 cents, or 4 percent, to $8.11 in afternoon trading.

Underwriters have an option for 30 days to purchase up to 1.8 million additional shares.

If underwriters don't use that option, the company expects net proceeds of $88.5 million. The company expects to use the money to buy a new plane and bolster liquidity.

Goldman Sachs and Deutsche Bank are acting as joint book-running managers for the offering.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.78%
$30K home equity loan FICO 5.78%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com