Originally Posted by
itsnotme
It appears the $19 offering was pretty much right on target and the company maximized the value capture to generate the cash needed to pay off debt. Nobody got rich today, but at the end of the day Frontier has more cash available to take advantages of tomorrow’s opportunities.
Correction: nobody that BOUGHT got rich today. The folks that sold a stake in a $4bn business that they bought for $130mm got rich(er) today.