Airline IPOs tap investor expectations of post-pandemic rebound

Airline initial public offerings are taking off, fuelled by a jump in investor appetite for stocks expected to get a big lift from economic reopenings and an anticipated rebound in travel as Covid-19 vaccination programmes accelerate. Investors on Wall Street sent shares of Apollo-backed Sun Country Airlines up more than 50 per cent in their debut on Wednesday, which came weeks after Norwegian start-up carrier Flyr listed in Oslo.
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