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$1.6 billion in bids flood in for AviancaTaca IPO

Wednesday, May 11, 2011

AviancaTaca has become the first airline in the world to offer an IPO for shares among staff and frequent travelers.

The airline owned by Colombian and Salvadoran interests, found that its IPO was well oversubscribed.

More than 60,000 request for investment were received totaling $1.6 billion, nearly six times the amount on offer.

Original source (in Spanish): La República