Volaris Lays out IPO Plans

Volaris Lays out IPO Plans

Mexico Equity

Mexican low-cost airline Volaris is planning to IPO, in a transaction that will include US ADS, according to regulatory filings. The size and timing have not been determined for the deal, which will include primary shares as well as secondary shares sold by several funds and individuals. The US documents indicate a $100m size, though the sale could end up being larger. Volaris indicated plans to IPO in 2011, and may find conditions this year – a record one so far for Mexican ECM issuance – more

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