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ALC SHARES CLOSE UP ON FIRST DAY OF TRADING

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ALC SHARES CLOSE UP ON FIRST DAY OF TRADING

ALC’s IPO sold 30.3 million Class A shares, 5.3 million more than anticipated, at the midpoint of its $25-to-$28 price range. JP Morgan and Credit Suisse managed the offering. ALC has 46 commercial aircraft on its books, which Udvar-Hazy plans to plans increase to 100 aircraft by the end of the ye...

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