Global Eagle Entertainment Inc is a full service provider of connectivity and content to the airline industry. It provides its airline partners and their passengers with Wi-Fi connectivity over Ku-band satellite transmissions.
Global Eagle Entertainment (ENT -0.6%) sells 13.34M shares (including a 1.74M share overallotment) at $14.25/share (a 5.1% discount to today's open). The sale of the overallotment shares closed today, with the initial close on Dec. 20.
Global Eagle will net $183.3M from the follow-on.
Shares have soared 90% from Sept. lows, possibly alongside the buoyant sentiment of peer Gogo, whose primary P-E investor distributed shares last week.