Deals
Indigo's Frontier Said to Hire Barclays, Deutsche Bank for IPO
- JPMorgan, Citigroup also said to work on airline's stock sale
- Offering would be first for big U.S. carrier since 2014
Frontier Airlines planes at Denver International Airport.
Photographer: Robert Alexander/Getty ImagesThis article is for subscribers only.
Frontier Airlines Inc., the no-frills U.S. carrier owned by private-equity firm Indigo Partners, hired underwriters for an initial public offering, people with knowledge of the matter said.
Barclays Plc, Deutsche Bank AG and JPMorgan Chase & Co. are working on the IPO, said the people, who asked not to be identified because the discussions are private. Citigroup Inc. also will be working on the IPO, two people said. Frontier began talks with banks in December about going public.