Mexican airline Volaris Aviation prices IPO at $12 low end, raising $346 million

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Volaris Aviation Holding, a Mexican airline that provides low-cost service to 30 Mexican and 10 US cities, raised $346 million on Tuesday by offering 28.8 million ADSs (40% insider) at $12, the low end of the $12 to $14 range. Volaris Aviation, which filed with the SEC under the name Controladora Vuela Compañía de Aviación, will dual-list on the NYSE (ticker symbol "VLRS") and the Mexican Stock Exchange (ticker symbol "VOLAR"). The company initially filed confidentially on 4/5/2013. Deutsche Bank, Morgan Stanley and UBS Investment Bank acted as lead managers on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: VLRS

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