Transportation
Aeromexico Seeks US IPO After Delisting Mexico Shares
- Carrier filed for bankruptcy in 2020 amid Covid pandemic
- There will be no public offering of shares in Mexico
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Grupo Aeromexico SAB is seeking a return to equity markets, filing for a US initial public offering two years after delisting from the Mexican stock exchange.
The company intends to list American Depositary shares or ADS on the NYSE under the symbol AERO and there will be no public offering of the shares in Mexico, Aeromexico said in the prospectus. The company didn’t disclose the size or price range of the offering.