Upsized Smiles Debut Lands Below Midpoint

Apr 26, 2013

Smiles, the mileage reward program of Brazilian airline Gol, has priced a BRL1.13bn ($565m) IPO in the bottom half of the price range. Exercising the full overallotment option, the transaction raises much needed funds for the airline. The carve-out is offering 52m primary...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

Upcoming Events


Where will capital markets be busiest in 2017?