The budget carrier is the latest U.S. carrier to go public.Frontier Airlines Airbus A320 takes off from Los Angeles international Airport on August 27, 2020 in Los Angeles, California.Shares of Frontier Airlines' parent company fell 0.8% in their first day of trading on Thursday.
The budget carrier said late Wednesday it raised $570 million in an initial public offering, the latest U.S. airline to go public as the industry starts to see signs of a recovery from theDenver-based Frontier sold 30 million shares that priced at $19 apiece, the low end of the target range, which gave it a valuation of about $4 billion.
The shares started trading under the ticker ULCC, the initials of ultra-low-cost carrier, on the Nasdaq Global Select Market.to go public last month after dropping plans over the summer as the industry was struggling through the pandemic.Correction: An earlier version of this article misstated the first day of trading in a bullet point.
I can guarantee you 5,500 USD as profit, just with the investment of 500 USD without sending money to anyone, and with the aid of my trading software system that brings forth good trading signals, inbox me for more info.📈