Azul Linhas Aéreas Brasileiras Bovespa/NYSE IPO

13/4/2017
IPO

R$ 1.79 billion

Completed

13/4/2017


Overview:

  • Azul Linhas Aéreas Brasileiras, a major Brazilian airline, listed 63,000,000 shares on the BM&F Bovespa and the NYSE in its IPO. 
  • Azul also offered 22,439,837 shares in a secondary public offer.
  • The shares were priced at R$21.00 per a share, and the company raised R$1.79 billion. 
  • Banco Itaú, Citigroup Global Markets Brasil Corretora de Câmbio Títulos e Valores Mobiliários, Deutsche Bank, BB-Banco de Investimento, Banco Bradesco, Banco Santander (Brasil), JPMorgan and Banco J Safra acted as underwriters. 
  • Citigroup Global Markets Brasil Corretora de Câmbio Títulos e Valores Mobiliários and Citigroup Global Markets were granted a green shoe option by the selling shareholders. 

Rani Mehta - Journalist 

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