Gogo IPO raises $187 million with plans for international expansion


Skift Take

Gogo has little competition and a high price point, but has failed to make money. However, a successful IPO and recent FCC ruling position the Internet provider to build faster satellite-based Wi-Fi for international flights moving forward.

Gogo, a provider of internet services on airlines, has raised $187 million from an initial public offering of 11 million shares. The offering was priced at $17 per share, at the high end of the projected $15 to $17 range. Th