Frontier Group Holdings pulled off an IPO last week in spite of the weakness of the airline industry.

But with travel demand bouncing back investors are taking a closer look at Frontier Airline stock as a potential recovery play.

The Frontier IPO launched at the low end of the price range and slipped even further the first day of trading.

The prices have since recovered a bit and the shares currently trade just above the IPO price.

That means investors who missed the IPO still have a chance to get into the stock near the IPO price.

That doesn't mean you should, though.