We do not recommend an increase to the offer price. However, our suggested price is $23.07 per share
JetBlue (JBLU) wanted to go to IPO in order to raise additional capital. The initial plan was to set share prices between $22 to $24 with 5.5 million shares.
But, the management filed an increase in the offering’s price range $25 to $26
This is due to expectation of “blow-out” demand.
A successful public offering would not only provide immediate liquidity but would also help providing finance for future need
It would also help providing positive returns to the crew members.