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The initial price range was from $22 to $24. Facing sizable excess demand for the 5.5 million shares planned in the IPO, management had recently filed an increase in the offering price range to $25 to $26. NASDAQ was prepared for JBLU (the company’s ticker symbol) to begin trading on the exchange.
JetBlue Airways
• Ex-Continental Airlines vice-president, David Barger, had agreed to become the new JetBlue president and CEO.
• John Owen had left his position as executive vice president and former treasurer for Southwest Airlines to fill the CFO role at JetBlue.
• In 1999, David Neeleman, announced to launch a new airline...
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