Frontier Airlines files for IPO as it preps for travel rebound
Mar 09, 2021, 2:11pmUpdated on Mar 09, 2021
By: News 12 Staff
Tesla shares are moving higher today after the stock dropped nearly 6% Monday. The stock is down by a third from its record high of nearly $900 per share in January. The company's founder and CEO had $27 billion erased from his net worth as the stock sank 11.5%.
Bitcoin has surpassed $54,000 today after the price jumped around 1.5% on Monday. Price for the stock dropped to $46,000 last week, but analysts are feeling optimistic and are anticipating some of the $1,400 stimulus checks will flow more money into the digital coin. The price dogecoin also climbed today after a rally that had the price increase by 13% Monday. The boost comes as more mainstream companies announced their support for the cryptocurrency.
Frontier Airlines is filing for an initial public offering after withdrawing its attempt during the summer. The air carrier is prepping for a travel rebound as vaccinations ramp up. When the Denver-based airline goes public, it plans to list on NASDAQ under the ticker FRNT.