Overview
- Aeroméxico’s filing pegs American Depositary Shares at $18–$20 each, with 1 ADS equal to 10 ordinary shares, as it returns to public markets in Mexico and the United States.
- The global offer totals 144,736,840 shares with a 21,710,500-share overallotment, implying roughly $275 million at the midpoint and up to about $316 million, valuing the carrier near $2.59 billion.
- In the U.S. leg, the company plans to sell about 7.4 million ADS while shareholders offer 4.3 million more, and Aeroméxico will also sell 13.8 million shares in a private placement to PAR Capital for about $24.7 million net.
- The company estimates roughly $125.7 million in net proceeds at $19 per ADS for general corporate purposes including fleet, maintenance and infrastructure, while Mexican investors such as the Tricio family and Valentín Díez Morodo plan partial sales.
- Directors and key holders agreed to a 180‑day lockup and Delta committed not to sell for up to four years; the company targets pricing before year‑end subject to SEC registration, and it confirms a legal challenge to the U.S. order ending its Delta joint venture.