Apollo-Backed Sun Country Airlines’ IPO Raises $218 Million
Photographer: Daniel Slim/AFP via Getty Images
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Sun Country Airlines Holdings Inc. priced its initial public offering above range at $24 a share to raise about $218 million as it looks for a rebound in leisure travel.
Minneapolis-based Sun Country sold about 9.1 million shares on Tuesday, according to a statement confirming an earlier Bloomberg News report. The company had marketed the shares for $21 and $23, according to filings with the U.S. Securities and Exchange Commission.