Sun Country Holdings, Inc. has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a proposed initial public offering of the company’s stock.
On Monday (February 8, 2021), Sun Country Holdings, Inc. (Sun Country Airlines) announced the filing of Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of the company’s stock. The number of shares to be offered and price range has not yet been determined. The airline intends to list their shares on the NASDAQ Global Select Market under the ticker symbol ‘SNCY.’ The lead bookrunners for the IPO will be Barclays, Morgan Stanley and Deutsche Bank Securities, with Goldman Sachs & Co. LLC and Nomura serving as joint bookrunners. The offering will only be made by prospectus. Although the registration with the SEC has been filed, it has not yet become effective and securities cannot be sold, nor may offers be accepted, prior to the effective date of the registration.
Privately held Sun Country Airlines was founded in 1983 by a small group of pilots and flight attendants. The award winning Minneapolis-St. Paul based airline has distinguished itself as a leader in leisure travel over its 37 years of service. The Sun Country brand encourages guests to ‘Get to Going’ with low fares and safe, reliable, nonstop service to over 50 amazing destinations across the U.S., Canada, Mexico, Central America and the Caribbean. The carrier offers services through their Sun Country Charters and Sun Country Vacations divisions and also operates a cargo business, providing crew, maintenance, insurance (CMI) services to Amazon.
Source: Sun Country Airlines