Volaris to launched IPO

In a regulatory filing with the US Securities and Exchange Commission and the Mexican regulator, Volaris has commiteed to raise up to $400 million via a global initial public offering (IPO). The offering will be a dual-listing, with American depositary shares on the New York Stock Exchange to trade under the ticker symbol VLRS and shares in Mexico as VOLAR. Up to $100 million is expected to be placed in the U.S. The IPO is expected to price later this month. Deutsche Bank, Morgan Stanley and UBS are leading the deal.