Thread: F9 IPOs at $6.3B EV, same as NK?
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Old 04-03-2021 | 03:22 AM
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Question F9 IPOs at $6.3B EV, same as NK?
Frontier's valuation in the IPO was about $4BB which translates to an enterprise value of $6.3BB. Spirit is at $3.5 Mkt Cap, with an enterprise value of about $6.5BB

Seems a little rich to have Frontier have the same value as Spirit. I would think Spirit is 1.5X as big, is better run (yes I am biased) and should have a larger value commensurate with all that.

Thoughts?
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