Davis Polk advised the representatives of the several underwriters in connection with the $655.5 million initial public offering of 34,500,000 shares of common stock of Frontier Group Holdings, Inc., of which 15,000,000 shares were issued and sold by Frontier and 19,500,000 shares were sold by the selling stockholders. Frontier Group Holdings’ common stock is listed on the Nasdaq Global Select Market under the symbol “ULCC.”
Frontier Airlines is an ultra low-cost carrier whose business strategy is focused on Low Fares Done Right. They offer flights throughout the United States and to select near international destinations in the Americas.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Bryan M. Quinn and Ali DeGolia. Counsel Kiara L. Rankin and associate Shay Moyal provided tax advice. Counsel Matthew J. Bacal provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.