Frontier Group Holdings, Inc., the father or mother of Frontier Airways (F9, Denver Int’l), has deserted plans to carry an IPO, “right now”.
“The Firm is looking for withdrawal of the Registration Assertion as a result of it’s now not pursuing an preliminary public providing of its widespread stock right now. The Registration Assertion has not been declared efficient, and not one of the Firm’s securities have been bought pursuant to the Registration Assertion,” the holding mentioned in an SEC submitting.
Frontier Group Holdings filed an S-1 registration assertion declaring its curiosity in pursing an IPO on March 31, 2017, though it by no means confirmed the timeline, the variety of shares to be provided, or the anticipated proceeds.
Since 2013, Frontier Group Holdings has been owned by Indigo Companions, an Arizona-based fund with stakes in a number of low-cost carriers, corresponding to Wizz Air (W6, Budapest), Volaris (Y4, Toluca), and JetSMART (JA, Santiago de Chile Int’l).
