Azul to announce IPO soon

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP January 23, 2014 20:48

Azul to announce IPO soon

Brazilian airline, Azul Linhas Aereas Brasileiras, could announce a $450 million initial public offering (IPO) by next week, according to local media reports. The airline abandoned an IPO in August last year due to the poor performance of the benchmark Ibovespa index. Under this new offering plan, Azul will sell $350 million in primary shares and may offer an additional $100 million in stock in a secondary sale.

Before Azul can make any announcement however it must receive approval from the securities regulator CVM on its proposed capital structure.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP January 23, 2014 20:48
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fazul-to-announce-ipo-soon%2F"> registered </a> users can comment.