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.
Volaris to launched IPO
