Volaris Lands IPO at Bottom of the Range

Sep 18, 2013

Mexico's Volaris should raise almost $400m from its IPO after pricing Tuesday night at the bottom of the range. The demand was said to reach more than 1x Tuesday afternoon. The issuer priced its ADS, representing 10 common shares, at $12.00 each, suggesting a $398m size if a 15% greenshoe is used. Volaris was to...

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