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Home / Business / Frontier Airlines raised a US$570 million IPO and started trading today

Frontier Airlines raised a US$570 million IPO and started trading today



Frontier Airlines Airbus A320 takes off at Los Angeles International Airport in Los Angeles, California on August 27, 2020.

AaronP | Ball Griffin | GC Pictures | Getty Images

The company said late Wednesday that Frontier Airlines raised $570 million in its initial public offering, which is the latest route American Airlines has taken as the industry is beginning to see signs of recovery.

Based in Denver The low-cost airline sold 30 million shares at a price of $1

9 per share, which is the low end of the target range, which makes it valued at approximately $4 billion.

Frontier began trading on the Nasdaq Global Select Market on Thursday under the abbreviation ULCC of the ultra-low-cost airline.


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