Aeroméxico Targets $2.92 Billion Valuation in U.S. IPO
Grupo Aeroméxico is preparing a strong return to Wall Street with an initial public offering (IPO) that could value the company at up to $2.92 billion, marking a major milestone after its post-pandemic recovery.
The Mexico City-based airline and several existing shareholders plan to raise around $234.5 million through the sale of 11.7 million American Depositary Shares (ADS), priced between $18 and $20 each.
The stock will trade on the New York Stock Exchange under the symbol “AERO”.
Source: Gameplayzz, CC BY-SA 4.0, via Wikimedia Commons
Author's summary: Aeroméxico aims for $2.92 billion valuation in US IPO.
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