Azul raises more than US$570m in IPO
Azul said it raised US$571.2m in an initial public share offering Monday in Brazil and in the US, and will begin trading Tuesday morning. Azul sold 85.4m preferred shares for 21 reais each and ADSs for $20.06. Shares will trade on Brazil’s B3 stock exchange, until recently known as the BM&FBovespa, and on the New York Stock Exchange. The airline was quickly able to reverse the sale’s suspension last Thursday by Brazil’s financial market regulator, just as banks leading the IPO were setting the price for the shares. The market regulator, known as CVM, cited an irregular release of information related to the offering as the reason for the suspension, and asked for a correction for those problems. The CVM didn’t provide details on the released information. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-12/unaligned/azul-raises-more-than-us-570m-in-ipo
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Azul raises more than US$570m in IPO
Azul said it raised US$571.2m in an initial public share offering Monday in Brazil and in the US, and will begin trading Tuesday morning. Azul sold 85.4m preferred shares for 21 reais each and ADSs for $20.06. Shares will trade on Brazil’s B3 stock exchange, until recently known as the BM&FBovespa, and on the New York Stock Exchange. The airline was quickly able to reverse the sale’s suspension last Thursday by Brazil’s financial market regulator, just as banks leading the IPO were setting the price for the shares. The market regulator, known as CVM, cited an irregular release of information related to the offering as the reason for the suspension, and asked for a correction for those problems. The CVM didn’t provide details on the released information. <br/>
