• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Aviation

Frontier seeks price of $19-21 per share for initial public offering

4 years ago
in Aviation, highlights, Home, home-news, latest News, Travel
3 min read
0 0
0
Frontier - norvanreports

Frontier - norvanreports

76
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Earlier this week we wrote about Vietnamese carrier Bamboo Airways and its plans to go public. Now, US budget airline Frontier has announced its intention to launch its IPO (initial public offering) as well.

The carrier is offering 30 million shares of its common stock, which is currently expected to be somewhere between $19 and $21 per share. Let’s take a closer look at the airline’s stock market plans.

A US budget carrier, Frontier Airlines is headquartered in Denver, Colorado. Photo: Frontier Airlines
Second time’s the charm?

According to Nasdaq, this is Frontier’s second attempt at going public. The airline had tried last year but withdrew its listing plans in July. Frontier filed again this month and hopes to sell 30 million shares.

Of these 30 million shares, the airline says that 15 million are coming from the airline itself. The other 15 million shares will be “sold by certain of Frontier’s existing stockholders.” Frontier says that it will not receive any proceeds from the sale of the shares by the selling stockholders.

According to the airline, the initial public offering price is currently expected to be between $19 and $21 per share. This means that it could raise $285-315 million in capital with the sale of its 15 million shares.

Frontier will be listed on the Nasdaq Global Select Market, under the ticker symbol “ULCC.”

Taking a company public is a way to raise money for growth and expansion. This move typically demands more oversight and transparency of a company’s finances. Photo: Frontier Airlines
Securities not yet tradeable

While fellow US low-cost-carrier Sun Country Airlines itself went public on the Nasdaq on March 17th, it’s unknown at this time when the general public might be able to trade shares of Frontier.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

The airline notes that a registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission. However, it has not yet become effective. 

“These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective,” Frontier’s public statement reads.

Thus, anyone interested in owning a piece of Frontier should start putting money aside and keep an eye on airline’s media channels to find out when it will actually go public.

Frontier has a fleet of 105 aircraft with more on the way. Photo: Frontier Airlines
The pros and cons of going public

The biggest benefit of taking a company public is the ability to raise capital. As Investopedia points out, the funds raised can be used to fund expansion or pay off existing debt.

Another benefit might be increased public awareness, which might even lead to a new army of loyal passengers, who will associate the success of the airline to their own financial success.

On the other side, taking a company public will require additional disclosure for investors- which includes periodic financial reporting. This could be an added administrative burden but would also provide customers and investors greater insight into how the business is being run.

Many American carriers are publicly traded as is US planemaker Boeing. American, Hawaiian, United, and JetBlue are listed on the Nasdaq while Southwest, Delta, Alaska are on the New York Stock Exchange (NYSE).

Source: simpleflying
Via: norvanreports
Tags: airline’s stock market plansFrontierIPONasdaq Global Select MarketNew York Stock Exchange (NYSE)Securities and Exchange Commission
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.