Mexico's VivaAerobus sets range for IPO

Mexican low-cost airline VivaAerobus is seeking to sell shares at about $1.57 in its initial public offering on February 11, according to regulatory filings.

The company, which this month said it would go public, plans to sell up to 113 million shares, the undated filings showed.

Rival Mexican low-cost airline Volaris raised $345 million not including an overallotment option by selling shares in Mexico and New York last year.


Source: Reuters