Gladstone Place Partners handled the robust IPO of Sun Country Airlines, a market debut that bodes well for the COVID-19-impacted travel industry.
The Financial Times noted that SCA shares closed at $36.38 on the March 17 first day of trading, which was up 51.5 percent from the initial offering price.
SCA, which has been flying for more than 35 years, is enjoying bookings equal to the pre-pandemic level.
“We’re feeling really good about where we are and investors share that enthusiasm,” CEO Jude Bricker told the Financial Times.
The Minneapolis-based carrier serves more than 50 destinations in North America, Central America and the Caribbean.
Gladstone Place’s Christina Stenson and Felipe Ucros work the SCA business.