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  • Joe Breitfeller

Frontier Airlines Prices Initial Public Offering at $19.00 per Share

Frontier Airlines has announced the pricing of their initial public offering of 30 million shares of common stock at $19.00 per share. The offering includes 15 million shares of common stock held by the company and 15 million shares from certain existing shareholders.


Frontier Airlines Prices IPO at $19.00/Share - Courtesy Frontier Airlines

On Wednesday (March 31, 2021) Frontier Group Holdings, Inc. announced the pricing of their initial public offering (IPO) of 30 million shares of common stock at $19.00/share. The offering includes 15 million shares held by the company as well as 15 million shares from certain existing stockholders. A selling stockholder has granted the underwriters a 30-day option to buy an additional 4.5 million shares at the IPO price, less underwriting discount and commissions. Frontier Airlines expects to receive net proceeds of approximately $266 million, after underwriting discount, commissions and offering expenses. The company will not receive proceeds from the sale of shares by existing stockholders.


Frontier’s shares are expected to start trading today (April 1, 2021) on the Nasdaq Global Select Market under the ticker symbol ‘ULCC.’ The lead bookrunners for the proposed offering are Citigroup, Barclays, Deutsche Bank Securities and Evercore ISI. Additional bookrunners include BofA Securities, J.P. Morgan, Nomura, UBS Investment Bank, Cowen and Raymond James.


Frontier Airlines is committed to “Low Fares Done Right.” The Denver-based carrier operates over 100 Airbus A320 Family aircraft and has the largest Airbus A320neo fleet in the U.S., delivering the highest level of fuel-efficiency and noise footprint reduction compared to previous generation models. Frontier offers customers the ability to customize travel to their needs and budget, including base fares, a-la-carte options and one low-priced bundle called the WORKS.


Frontier’s commitment to families includes their ‘Discount Den’ travel club which allows children 14 years and younger to fly free on qualifying flights. The airline’s family friendly FRONTIER Miles loyalty program allows guests to earn one mile for every mile flown and permits the family pooling of miles, making it easier to earn rewards. Frontier currently has 150 new Airbus aircraft on order, which will continue to deliver on their mission of providing affordable travel across America.



Source: Frontier Airlines