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Frontier Group Holdings, Inc. announced the closing of its initial public offering of 30 million shares at $19.00 each. The offering comprised 15 million shares sold by the company and 19.5 million shares from existing stockholders, including 4.5 million shares from an exercised underwriters’ option. Although the shares commenced trading on the Nasdaq on April 1, 2021, Frontier did not receive proceeds from the stockholders' sales. Citigroup, Barclays, and Morgan Stanley were among the lead bookrunners for this offering.
Frontier Group Holdings announced the pricing of its initial public offering (IPO) of 30 million shares at $19.00 per share. The offering includes 15 million shares from Frontier and 15 million from existing stockholders, with an additional 4.5 million shares available to underwriters within 30 days. Frontier expects to net approximately $266 million after expenses. The shares will start trading on Nasdaq under the ticker 'ULCC' on April 1, 2021, with closing anticipated on April 6, 2021.
Frontier Group Holdings announced its initial public offering (IPO) of 30 million shares of common stock, with 15 million shares by the company and 15 million from existing stockholders. The expected IPO price is between $19 and $21 per share. An underwriter option for an additional 4.5 million shares is also available. The stock aims to be listed on the Nasdaq Global Select Market under the symbol 'ULCC.' Lead bookrunners include Citigroup, Barclays, and Deutsche Bank Securities. The registration statement has been filed but is not yet effective.
