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Sun Country shares surge after stock market debut
The Twin Cities-based airline started trading under the ticker name SNCY on Wednesday.
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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.
Lighthouse Center shines light for independent living
Although it now goes by a different name, Duluth s Lighthouse Center continues to shine a light for those looking for help to live independently. 9:38 am, Mar. 16, 2021 ×
Scott Coleman talks with visitors in his Morgan Park neighborhood house in Duluth as the light shade in the background lowers in response to a voice command from him. The Lighthouse Center for Vital Living, formerly the Lighthouse Center for Vision Loss, is working with people challenged by disabilities, vision loss and aging to live independently through coaching, training, occupational therapy, and technology such as voice-commanded devices. (Steve Kuchera / skuchera@duluthnews.com)
Pohlads sell downtown Minneapolis jewelry business to Iowa group
The jewelry store has been in Minneapolis since the 1880s.
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Credit: Google Street View
Months after getting out of the radio business by selling a pair of Twin Cities-based stations, the Pohlad family is getting out of the jewelry sector.
Pohlad Companies announced Monday that it has sold JB Hudson Jewelers to Iowa-based Gunderson s Jewelers. According to a release, the sale will close at the end of March.
Terms of the sale were not disclosed.
The luxury jewelry store remains open for normal business hours at its location on the corner 9th St. and Nicollet Ave. in the Young Quinlan Building in downtown Minneapolis. It also operates a satellite store in the North Loop, called The Loupe.