INTERJET CALLS OFF STOCK LISTING

Dino D'Amore
By Dino D'Amore July 1, 2011 12:04

INTERJET CALLS OFF STOCK LISTING

Low-cost airline Interjet has called off its planned listing on the Mexican stock exchange yesterday due to unfavorable market conditions.

Interjet said in a statement it decided not to go ahead with its planned listing “at the moment” due to the “complicated situation” on financial markets. It was rumoured to price of the stock was too high for investors – at around 23 pesos per share.

Dino D'Amore
By Dino D'Amore July 1, 2011 12:04
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