IPO for Sun Country Airlines (SNCY) Open 38% Higher

Today's IPO for Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY) opened for trading at $33 after pricing its initial public offering of 9,090,909 shares of its common stock at an initial public offering price of $24.00 per share.

Barclays, Morgan Stanley and Deutsche Bank Securities are acting as joint lead bookrunners for the offering, and Goldman Sachs & Co. LLC and Nomura are acting as joint bookrunners for the offering. Apollo Global Securities, AmeriVet Securities, Siebert Williams Shank and Tribal Capital Markets, LLC are acting as a co-managers for the offering.

Sun Country Airlines is a new breed of hybrid low-cost air carrier that dynamically deploys shared resources across our synergistic scheduled service, charter and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends and relatives ("VFR") passengers and charter customers and providing cargo CMI services, with flights throughout the United States and to destinations in Mexico, Central America and the Caribbean.

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