Frontier Airlines Is Said to Hire Banks to Plan Stock Debut
ByWarren E. Buffett recently revealed a willingness to invest in airlines after years of shunning them, and ever since, those stocks have soared. Now, one more company is aiming to be added to the list of publicly traded airlines.
Frontier Airlines — known for offering scant legroom and low prices for rides on planes that have wild animals painted on the tails — is preparing an initial public offering, people with knowledge of the deal said. The Denver-based company has tapped Deutsche Bank, JPMorgan Chase and Evercore to manage the debut, said the people, who asked not to be named discussing private information.
Frontier is aiming to raise about $500 million in the deal, the people said. That would imply a valuation for the company of about $2 billion. Frontier had an official “bake off,” where banks were interviewed for a role in the offering, late last year, one of the people said…
Frontier Airlines Is Said to Hire Banks to Plan Stock Debut
