Air Lease Corp., the jet-leasing company led by Steven Udvar-Hazy, surged 5.5 percent on its first day of trading after raising $802.5 million in the industry’s largest initial public offering in the U.S.
The Los Angeles-based company sold 30.3 million shares at $26.50 each yesterday, after increasing the number 21 percent, according to a prospectus filed today with the U.S. Securities and Exchange Commission. It had offered......
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