Skip to main content
Publish date:

Sun Country shares surge after stock market debut

The Twin Cities-based airline started trading under the ticker name SNCY on Wednesday.

Sun Country made its stock market debut on Wednesday and saw its shares surge in the wake of its Initial Public Offering (IPO).

The company's shares were priced at $24 ahead of its Nasdaq debut under the ticker name SNCY, and within 75 minutes of debuting at 11 a.m., the Twin Cities-based airline had seen its stock rise by 44% to $34.77.

The company was bought by New York-based investment group Apollo Global Management in 2017

It had sold 9.1 million shares at $24 ahead of its market debut, raising $218 million for the company that CEO Jude Bricker told the Star Tribune will be used to pay off its $46 million CARES Act pandemic loan, buy new airplanes, and hire more workers.

Looking to buy or sell your home? Find a realtor using BMTN's directory.

The airline has marked its IPO by launching a sale on fares, offering tickets for $25 one-way between MSP Airport and Chicago, $49 between MSP and Indianapolis, and $69 between MSP and Seattle.

It'a also offering up to 5x Rewards points on certain routes, and 2x points on everything else.

Its stock market debut comes amid signs of recovery for the travel market, even though the pandemic has not yet been quashed.

The rollout of vaccinations across the U.S. has led to renewed hope that the worst is over and in turn is leading to a rising demand for travel.

MSP Airport said it's expecting March to be its busiest month since the pandemic began thanks to an increase in spring break travelers.

Next Up

Dalvin Cook

Report: Dalvin Cook has dislocated shoulder, will undergo MRI

The Vikings running back was carted off the field in Sunday's loss to the 49ers.

Kirk Cousins

Watch: Kirk Cousins lines up under guard on critical 4th down play

Kirk Cousins went "Full Kirk" at the worst possible time.

Dalvin Cook

Dalvin Cook injured, Vikings drop crucial game against 49ers

The Vikings couldn't stop the Niners' rushing attack in a 34-26 loss.

Flickr - police lights squad siren - Edward Kimmel

Man airlifted to a hospital after police shooting in Forest Lake

Police allege that the man presented a threat to officers.

Minnesota Wild

Wild's two third-period goals take down the Lightning

Ryan Hartman's go-ahead goal defeated the two-time defending champions.

Byron Buxton

Reports: Twins reach extension with Byron Buxton

The long-term deal locks in one of the Twins' franchise players.

Justin Jefferson

Vikings-49ers: 5 things you can count on

Sunday's matchup is a pivotal game in the NFC playoff picture.

Gopher Football

Watch: Gophers troll Badgers with 'Jump Around' after Saturday's win

First they took Paul Bunyan's Axe. Then they took their tradition.

Brandon Richart, missing person

Search underway for missing man in Anoka area

Brandon Richart was last seen Nov. 17.

U.S. Bank Stadium

5 teams win first state championships at Prep Bowl

A pair of records fell as the Prep Bowl lived up to the hype.


sun country

Sun Country is going public, will list its stock on the Nasdaq

The airline is looking to raise cash through an IPO.

Prime air plane

Sun Country strikes deal with Amazon to fly cargo aircraft

The Eagan-based airline is expanding its operations.

Sun Country considers moving HQ from Eagan to MSP Airport

The airline is looking to consolidate its Twin Cities presence into fewer facilities.

sun country

Sun Country cutting jobs due to COVID-19 pandemic

The Minnesota-based airline is eliminating many unfilled positions, with the cuts impacting 18 people.

Sun Country to launch first flights into Canada from MSP

The direct link between the Twin Cities and Vancouver launches next year.

Sun Country announces 4 new routes out of MSP Airport

The budget airline says fares will start at $59 one-way, before fees and tax.

sun country

Sun Country adds 9 more flights out of MSP Airport

The new additions include large cities and popular outdoor destinations.

Sun Country woos Duluth, Mankato travelers with shuttles to MSP

The airline announced the new direct services this week.