Latam Airlines Group Shareholders Raise $456 Million in US IPO
The airline transported about 77 million passengers in the 12 months to March 31, the prospectus shows.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
A group of Latam Airlines Group SA shareholders raised $456 million in an initial public offering of American depositary shares.
The shareholders in the Santiago-based airline sold 19 million ADS Tuesday for $24 each, according to a statement. Each ADS represents 2,000 of Latam’s common shares, which trade on the Chilean Stock Exchange.