Reuters: Global Markets: Airplane WiFi provider Gogo falls in Nasdaq debut

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Airplane WiFi provider Gogo falls in Nasdaq debut Jun 21st 2013, 15:03 Fri Jun 21, 2013 11:03am EDT (Reuters) - Shares of in-flight WiFi provider Gogo Inc (GOGO.O) fell 6 percent in their market debut, valuing the company at about $1.4 billion. The company's shares opened at $16 on the Nasdaq. Gogo sold 11 million shares in the offering at the top of its $15 to $17 per share price range, raising $187 million. The company, whose services are available in Delta Air Lines, US Airways and American Airlines, provides internet, voice and data services to more than 5,750 business aircraft. Gogo also offers airline passengers on-demand movies and television shows on a pay-per-view basis, and sells equipment and services to aircraft makers such as Bombardier Inc (BBDb.TO), General Dynamics Corp's (GD.N) Gulfstream, and Brazil's Embraer (EMBR3.SA). (Reporting by Aman Shah and Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)

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