ULCC News

The IPO market pumped the brakes in the shortened holiday week, with six IPOs raising $1.9 billion and just two SPACs raising $300 million. Pipeline activity slowed from previous weeks as well, with six IPOs and seven SPACs submitting initial filings. Low-cost airline Frontier Group Holdings (ULCC) priced at the low end to raise $570 million at a $4.3 billion...read more

Frontier Group Holdings, an ultra low-cost US airline carrier that serves approximately 110 airports, raised $570 million by offering 30 million shares (50% secondary) at $19, the low end of the range of $19 to $21. Frontier is an ultra low-cost carrier that offers flights throughout the US and to select near international destinations in the Americas. As of December 31, 2020,...read more

Following some turbulence in the IPO market, eight IPOs are scheduled to raise $3.0 billion in the shortened holiday week. Online real estate brokerage Compass (COMP) plans to raise $882 million at a $12.5 billion market cap. Compass provides a platform for real estate agents to manage and deliver service to seller and buyer clients. Fast growing but...read more

Frontier Group Holdings, an ultra low-cost US airline carrier that serves approximately 110 airports, announced terms for its IPO on Tuesday. The Denver, CO-based company plans to raise $600 million by offering 30 million shares (50% insider) at a price range of $19 to $21. At the midpoint of the proposed range, Frontier Group Holdings would command a fully diluted market value...read more