International Buyers Drive Volaris IPO

Sep 19, 2013

Nearly 79% of Volaris' $398m IPO is being sold to international investors in the form of ADS, according to regulatory documents, slightly more than the 75% anticipated. The sale priced Tuesday night ahead of Wednesday's FOMC commentary and came at the bottom of a $12-$14 per ADS range. Demand reached...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management