Album Image

DJ Image

Frontier seeking $19-21 in IPO

Written by Braedyn Deamer on March 26, 2021 at 12:29 PM UTC

This article should take 2 minutes to read.

We wrote about Frontier Airlines wanting to go public not too long ago, but there have been some recent developments in their wanting to go public saga. The airline will be offering 30 million shares of its common stock which is predicted to be between $19 - $21.

This isn’t the first time they have attempted to go public, but it seems that this time might be working a little bit better. The 30 million shares are coming from two different places. Fifteen million will be coming from the airline itself, whereas 15 million will be coming from existing stockholders. With the airline initially selling the shares at the price mentioned above, they could raise $285-315 million in capital with the sale of 15 million shares from the airline.

While at the moment, the public won’t be able to trade the stocks at the moment they will be able to soon as the airline has filed with the Securities and Exchange Commission. This has not become effective yet, so if you’re interested in owning a piece of the airline, you will have to wait a little longer.

If you wish to read more about this topic and gain a further understanding, it may be beneficial to consult this third-party article:

DISCLAIMER: We are not a financial adviser. What we say is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. We are merely sharing our opinion with no guarantee of gains or losses on investments.