Frontier Group Holdings (IPO): $356.55m-Apr 6

from today

Frontier Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option

Frontier Group Holdings, Inc. (“Frontier”) today announced the closing of its initial public offering of 30 million shares of its common stock at a price to the public of $19.00 per share. The offering consisted of 15 million shares of common stock sold by Frontier and 19.5 million shares of common stock sold by certain of Frontier’s existing stockholders, including the exercise in full of the underwriters’ option to purchase up to an additional 4.5 million shares of common stock from a selling stockholder. Frontier did not receive any proceeds from the sale of the shares by the selling stockholders. Citigroup, Barclays, Morgan Stanley, Deutsche Bank Securities and Evercore ISI acted as lead bookrunners for the offering. BofA Securities, J.P. Morgan, Nomura, UBS Investment Bank, Cowen and Raymond James acted as additional bookrunners for the proposed offering.

https://apnews.com/press-release/globe-newswire/business-corporate-news-north-america-colorado-stock-offerings-044e4db8c54343a5baa37a6703461965

Frontier Group Holdings, Inc. is a holding company. The Company operates through its subsidiary Frontier Airlines, is an ultra-low-cost carrier company. The Company offers flights throughout the United States and to select near international destinations in the Americas. The Company provides low-fare passenger airline service primarily to visiting friends and relatives (VFR) and leisure travelers. The Company provides The Works, an option that includes a guaranteed seat assignment, carry-on and checked baggage, ticket refund ability and changes, and priority boarding. Number of employees : 5 005 people.

https://www.marketscreener.com/quote/stock/FRONTIER-GROUP-HOLDINGS-120977158/company/

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