One IPO Scheduled for This Week

Feb.28.11 | About: FBR & (FBRC)

The following IPO is expected to price this week:

Greenwich Kahala Aviation Ltd. (NYSE:GKH)
, a global aviation company formed to acquire, lease and trade commercial aircraft, plans to raise $180 million by offering 15 million shares at an estimated price of $12 per share. At the mid-point of the proposed range, Greenwich Kahala Aviation Ltd. will command a market value of $182 million. Greenwich Kahala Aviation Ltd., which was founded in 2009, has yet to generate revenue. The Dublin-based company plans to list on the NYSE under the symbol GKH. FBR Capital Markets (FBCM) and Wells Fargo Securities (NYSE:WFC) are the lead underwriters on the deal.