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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.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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