{"id":107282,"date":"2021-03-23T20:20:43","date_gmt":"2021-03-23T20:20:43","guid":{"rendered":"https:\/?p=107282"},"modified":"2021-03-23T20:20:48","modified_gmt":"2021-03-23T20:20:48","slug":"frontier-aims-for-4-52-billion-valuation-in-u-s-ipo","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/03\/frontier-aims-for-4-52-billion-valuation-in-u-s-ipo.html","title":{"rendered":"Frontier aims for $4.52 billion valuation in U.S. IPO."},"content":{"rendered":"\n

Frontier Group is aiming for a valuation of $4.52 billion in its U.S. initial public offering (IPO), according to a regulatory filing by the low-cost airline on Tuesday, as the sector prepares to rebound from the travel slump.<\/p>\n\n\n\n

See also:<\/strong> Delta will offer quarantine-free flights from New York to Milan and Rome.<\/a><\/em><\/p>\n\n\n\n

Frontier, which withdrew its listing plans in July, resubmitted its bid this month, while Sun Country Airlines, backed by Apollo Global Management, successfully debuted on the stock exchange, Reuters<\/a> reported.<\/p>\n\n\n\n

The airline plans to sell 30 million shares at a price of between US$19 and US$21 per share, aiming to raise about US$630 million.<\/p>\n\n\n\n

See also: <\/em><\/strong>Southwest Airlines resumed flights with Boeing 737 Max.<\/em><\/a><\/p>\n\n\n\n

Denver, Colorado-based Frontier, which is owned by private equity firm Indigo Partners, flies to more than 100 destinations in the United States, Mexico and the Caribbean and operates 100-plus Airbus A320 family aircrafts.<\/p>\n\n\n\n

Citigroup, Barclays, Deutsche Bank Securities, Morgan Stanley and Evercore ISI are the lead underwriters for Frontier\u2019s offering.<\/p>\n\n\n\n

Frontier will list its stock on the Nasdaq under the symbol \u201cULCC\u201d.<\/p>\n\n\n\n

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