Grupo Aeroméxico priced its Global Offering at $19.00 per ADS (Ps.35.34 per common share) as it returns to public markets. The Apollo-backed carrier will trade as "AERO" on the NYSE and BMV from Nov. 6; ADSs rose 0.84% on their NYSE debut, valuing the group near $2.8bn.
Discovered |
Briefing
The listing is the culmination of Aeroméxico’s recapitalization path after its decision to delist from the Mexican Stock Exchange and pursue a fresh IPO, restoring public equity access and market valuation.
The Global Offering follows plans to sell roughly 145 million shares, including 11.7M ADS, underlining the scale of new equity being issued and the immediate capital impact on the carrier’s balance sheet.
Pricing at $19 per ADS and a near-$2.8bn market value — with Apollo continuing as a backer — reshapes Aeroméxico’s ownership and liquidity profile, relevant to counterparties, lessors and investors assessing exposure in the region; see earlier coverage of Apollo’s activity in aviation sector investments.
Reported By
Hype groups these reports into one evolving story so you can compare coverage without losing the thread.
Grupo Aeroméxico lists on NYSE in US debut, raises $222.8m in global offering • Airline Economics
(TR) Aeroméxico reaches $2.8 billion after bankruptcy • ns1.haber.aero
Aviacionline
• Edgardo Gimenez Mazó