An update on the expected IPO of Allegiant Travel. The deal now looks like it should go out on Friday. But forget about getting in on the ground floor of this one –unless you’ve already locked up your shares. The deal is already heavily oversubscribed.

Just a reminder. The ticker here is going to be ALGT.

The Las Vegas-based travel company that also just happens to run an airline now provides air service to 45 cities.

For the last nine months ending Sept. 30, the company reported net income of $10.3 million on revenue of $180 million. In 2005, the company reported net income of $7.7 million on revenues of $92.5 million.