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UPDATE: Intrepid confirms IPO

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UPDATE: Intrepid confirms IPO

Following its draft registration statement with the SEC for a possible initial public offering (IPO) in August, Intrepid Aviation confirmed to the US regulator its plans for an IPO of common stock.

The lessor has a 17-aircraft in-service fleet comprises of young A330s and 777s with an estimated value of $1.6bn. Intrepid also has a firm order book of 10 A330s and six 777s.

Intrepid Aviation intends to list its common stock on the New York Stock Exchange under the symbol "INTR".

Global Coordinators are Goldman Sachs, BofA Merrill Lynch, Deutsche Bank Securities, Jefferies, RBC Capital Markets, Wells Fargo Securities, Credit Agricole CIB and BNP PARIBAS.

Click here for the IPO prospectus