Frontier Group Holdings, Inc.

Frontier Group Holdings, Inc. (ULCC) priced its initial public offering on Apr 2, 2021 at $19.00 per share, raising $570M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $4.09B. Latham & Watkins advised the company and Davis Polk advised the underwriters.

Frontier Group Holdings, Inc. is the parent of Frontier Airlines, an ultra low-cost carrier flying throughout the United States and to select destinations in the Americas. It operated a fleet of 104 Airbus A320 family aircraft at the end of 2020 and has committed to buy 156 more.

Status

IPO

Ticker

ULCC

Exchange

Nasdaq Global Select

Priced

Apr 2, 2021

IPO price

$19.00

Raised

$570M

Market cap at IPO price

$4.09B

First filed

Mar 31, 2017

Company counsel

Latham & Watkins

Underwriters' counsel

Davis Polk

Sector

Transportation

Country / state

CO

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.