Aircraft leasing company Avolon Holdings announced the pricing of its initial public offering of 13.6 million shares at a public offering price of $20.00 per share. The shares are expected to begin trading on the NYSE under the symbol “AVOL” on December 12, 2014.

Avolon was formed four years ago and is the third largest independent aircraft leasing company in the world. The business was founded and is led by Domhnal Slattery, CEO and chief commercial officer, John Higgins.

As of September 30, 2014, Avolon had an owned, managed and committed fleet of 227 aircraft serving 49 customers in 27 countries.

J.P. Morgan Securities, Morgan Stanley, Citigroup Global Markets, UBS Securities and Wells Fargo Securitiesare acting as joint book-running managers.