Market rumors surfaced Monday that, due to the weak market, the Air Lease Corp. IPO might be postponed. Not only was the offering not postponed, but Air Lease priced an upsized offering of 30.3 million shares at $26.50 (original terms were 25 million shares at $25-28). The stock opened up 2.8% in early trading today, at $27.25. The proceeds of the sale are intended to be used for the acquisition of commercial aircraft and for general corporate purposes. The offering is led by J.P. Morgan, Credit Suisse, Barclays , FBR, RBC and Wells Fargo.
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