31-May-2010 1:20 PM

Porter Aviation prices shares lower than expected

Porter Aviation Holdings, parent of Porter Airlines, reportedly plans to price its shares at CAD5.50 each, lower than the expected CAD7 while still expecting to raise CAD120 million in its initial public offering (IPO) (thestar.com, 28-May-2010). The share price will be finalised on 01-Jun-2010 at close of trading.