Aeromexico Raises $288M In IPO

Grupo Aeromexico has raised $288.2 million in an initial public offering (IPO), Bloomberg reports. The Mexican carrier sold about 109 million shares before an overallotment option known as the greenshoe.

Citigroup’s Banamex unit, Actinver and Deutsche Bank were named as underwriters on the sale. The Mexico City-based company had previously said it plans to invest more than $360.4 to buy 20 airplanes, update technology and expand routes.

Click here for the story from Bloomberg.