Sun Country Airlines files for IPO

Minneapolis-based Sun Country Airlines Holdings Inc. has filed for an initial public offering as planned. Sun Country will list its shares on Nasdaq under the symbol SNCY. Sun Country, backed by Apollo Global Management Inc has listed a $100m figure for the IPO but that looks like a fee placeholder and the offering amount is likely to be higher. The Underwriters are Barclays, Morgan Stanley, and Deutsche Bank. In the filing, the airline said it experienced a “significant decline” in demand due to the pandemic but its “diversified and flexible business model” allowed it to mitigate the impact “better than