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Before trading began, Frontier said it expected to raise $266 million by selling 15 million shares at $19 each on Nasdaq under the symbol ULCC, a nod to its strategy as an “ultra-low-cost carrier.”

Frontier Group Holdings is trading on the Nasdaq stock market under the ticker symbol “ULCC,” an acronym for ultra low-cost carrier.

After the IPO, the company will have 215 million shares and trade under the ticker symbol "ULCC."

After the IPO, the company will have 215 million shares and trade under the ticker symbol “ULCC,” an industry acronym for ultra low-cost carrier.

Frontier will list its stock on the Nasdaq under the symbol “ULCC”.