Pegasus Airlines (PC, Istanbul Sabiha Gökcen) is planning to offload a 34.5% stake during its initial public offering (IPO) this week. According to a filing made with the Istanbul stock exchange, of the stake, 10% will be allocated to domestic individual investors, 10% to qualified investors, 10% to domestic institutional investors and 70% to foreign institutional investors. The Turkish LCC says the offering "will help fund its expansion plans by increasing its capital from USD41million to USD57million."