Avianca Launches IPO

Avianca Launches IPO

Colombia Equity M&A

AviancaTaca, the holdco formed from the merger of LatAm airlines Avianca and Taca, has launched a COP500bn ($266m) IPO in Colombia. The airline is offering 100m shares at COP5,000 each, it says, through April 15. The transaction, expected by the markets for some time as both companies have been in need of money, represents 11% of the company. Proceeds are marked for investment in the airline’s growth plans. The issuer was heard lining up international banks late last year for a larger sale, but

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