June 15, 2011
Mexico's second-largest carrier, low-cost airline Interjet, plans to raise at least USD$300 million in its initial public offering, expected to take place over the next few weeks.
According to an updated prospectus released on the Mexican stock exchange this week, the offer was priced at an average of 23 pesos per share. The company, owned by the powerful Aleman family, will seek to float around 32.59 percent of its capital, including over-allotment.
Some 162.25 million CPO shares will be offered to investors in Mexico and abroad, the document added.
The second IPO in Mexico this year, after rival and market leader AeroMexico's market debut in April, will help the company buy new planes to boost its fleet.
