$278 million AviancaTaca IPO five times oversubscribed
Monday, April 18, 2011
Preliminary results from AviancaTaca’s initial public offering show a strong appetite for Latin American airline stocks.
The offer period expired on Friday with a healthy five to one oversubscription ratio.
The airline group stands to raise $278 million, which will be used to fund fleet and network expansion.
Original source: Centre for Aviation