Overview
- Shares opened at $19.16 and rose 0.84% on their NYSE debut under the ticker AERO, putting the carrier’s market value near $2.8 billion.
- The offering comprised 11.7 million ADS priced at $19, the midpoint of the range, with Barclays, Morgan Stanley, J.P. Morgan and Evercore as lead bookrunners.
- Trading also resumed in Mexico, where the company listed 27.4 million shares at MXN 35.34 each.
- Analysts said investors appeared to look past immediate regulatory concerns, though the DOT’s effort to revoke routes and unwind the Delta partnership remains in court.
- Aeromexico plans to use proceeds for fleet growth, customer experience projects and maintenance, and it also received a $25 million private investment from PAR Investment Partners.