Company:

Allegiant Travel Company (NASDAQ: ALGT)

Role:

Co-Manager

Transaction:

Initial Public Offering

Closing Date:

December 2006

Transaction Amount:

$90 million

Background:

Allegiant Air provides nonstop service to world-class leisure destinations (Las Vegas, Orlando, Tampa Bay) from markets that do not currently have existing non-stop service to these destinations. The Company maintains a fleet of about 20 MD80 series aircraft.

Raymond James’ Role:

Raymond James acted as the sole financial advisor to Allegiant. In early 2005, Raymond James was retained by Allegiant to act as its exclusive placement agent. The private equity placement was executed successfully in May 2005 with ComVest as lead investor and Irelandia (an investment vehicle for the Ryan family). In 2006, Raymond James was selected as underwriter for Allegiant’s planned IPO. On December 7, 2006, Allegiant sold 5,000,000 shares of common stock at a price of $18.00 per share, $1 over the filing range. All of the net proceeds of the transaction will go to Allegiant, and will be used to reduce the company’s debt balance, buy additional aircraft and for general corporate purposes.