SNCY News

The IPO market stayed busy this past week, with 11 IPOs raising $3.0 billion. The week’s IPOs were joined by 24 SPACs that raised $8.4 billion. New filers continued to fill the IPO pipeline, with 8 IPOs and 46 SPACs submitting initial filings. Chinese IoT platform developer Tuya (TUYA) priced above the range to raise $915 million at an $11.8 billion...read more

Sun Country Airlines Holdings, an American ultra-low-cost passenger and cargo airline, raised $218 million by offering 9.1 million shares at $24, above the range of $21 to $23. The previous airline IPO was Mesa Air Group in August 2018. After sinking in early 2020 at the onset of the pandemic, Mesa and other airline stocks have outperformed year-to-date as vaccinations and air...read more

Updated Monday, 3/15. The IPO market starts to pick back up with 10 IPOs scheduled to raise $2.5 billion in the week ahead. Chinese IoT platform developer Tuya (TUYA) plans to raise $806 million at a $10.4 billion market cap. Tuya’s platform offers PaaS and SaaS to over 5,000 customers for the development, management, and monetization of...read more

Sun Country Airlines Holdings, an American ultra-low-cost passenger and cargo airline, announced terms for its IPO on Monday. The Minneapolis, MN-based company plans to raise $200 million by offering 9.1 million shares at a price range of $21 to $23. At the midpoint of the proposed range, Sun Country Airlines Holdings would command a fully diluted market value of $1.3 billion. ...read more