Sun Country Airlines announced (17-Mar-2021) the pricing of its initial public offering of nine million shares of its common stock at USD24 per share. The carrier has granted the underwriters a 30 day option to purchase up to an additional 1.3 million shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to commence trading on the Nasdaq Global Select Market under the symbol “SNCY” on 17-Mar-2021 and is expected to close on 19-Mar-2021, subject to customary closing conditions. It expects the gross proceeds of the offering to be approximately USD218.2 million, before deducting underwriting discounts and commissions, or USD250.9 million if the underwriters exercise their over allotment option in full. [more – original PR]
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