Frontier Announces Pricing of Initial Public Offering
DENVER, March 31, 2021 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (Frontier) today announced the pricing of its initial public offering of 30 million shares of its common stock at a price to the public of $19.00 per share.
- DENVER, March 31, 2021 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (Frontier) today announced the pricing of its initial public offering of 30 million shares of its common stock at a price to the public of $19.00 per share.
- The offering consists of 15 million shares of common stock offered by Frontier and 15 million shares of common stock to be sold by certain of Frontiers existing stockholders.
- A selling stockholder has granted the underwriters a 30-day option to buy an additional 4.5 million shares of common stock from such selling stockholder at the initial public offering price, less the underwriting discount and commissions.
- Frontier will receive net proceeds of approximately $266 million after deducting the underwriting discount and commissions and estimated offering expenses.