Pogo Jet intends to be a leading provider of private on-demand jet charter service, initially in the Northeast, Mid-Atlantic, Ohio Valley and Carolinas.
The shares of Pogo will be allocated through the OpenIPO offering process.
OpenIPO® is an innovative auction process for distributing stock to individuals and institutions through a more efficient and equitable process. The auction process allows shares of an initial public offering to be allocated in an impartial way. All successful bidders pay the same price per share.
Should I apply for Pogo IPO? What is the opinion & expectations about Pogo Jet IPO? Will the Pogo IPO have a good listing price? What is the expected listing price of Pogo IPO?
Interestingly, it has been a long time since any airline company in the US came out with an IPO. That too, given the turbulent market situations across the globe, it is a brave front put up the the POGO Jet team, to come out for a public listing in such a highly volatile stock market scenario.
The offerings will be made through the OpenIPO Auction method, which is to ensure that free and fair allotment is done to all the eligible applications.
The exchange on which Pogo will be listed is NASDAQ stock exchange, a quote driven OTC exchange. The stock market symbol assigned to Pogo Jets is “POGO”.
Total number of shares to be offered are 7,000,000
The price range or price band for Pogo IPO is set at: $12.50 to $16.50
Expected Pricing Date is the 17th march Week of 2008
Related: Should you apply for an IPO? & Review of Visa IPO
POGO is NOT a certified company till date; they plan to become operational as a FAA-certified Part 135 operator by the first quarter of 2009.
The business idea of POGO Jet is simple: to provide on-demand private air travel and make it easily affordable to use along with the convenience.
Pogo aims to utilize the low costing small aircrafts, something like a chartered plane, and use these light jet aircrafts to penetrate deep into the unutilized but commonly accessibly landing areas, so as to cut the costs yet reach the customers to provide them with maximum convenience.
Pogo Jets also have a state of the art on-line booking system which permits customers to quickly book and arrange for a flight that most closely fits into their requirements. And, by serving a vast network of underutilized small airports, POGO customers will be able to bypass congested areas, saving both on time and cost. In fact, the customers will have a vast range of choice from over 400 airports in our initial service area.
| However, markets are turbulent. There are clear fears that US economy will be or is already into a recession. The IPO markets have their own twists and turns. Investors who believe that POGO Jets will be able to keep up with their business performance in these turbulent stock market timings can take a bet in the market by applying to the IPO of POGO Jet. | Table of Contents |
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