Reported 7 months ago
Apollo Global Management Inc. and other investors are looking to raise up to $500 million in an initial public offering of Grupo Aeromexico SAB, the Mexican carrier that emerged from bankruptcy protection over two years ago. The alternative asset manager, which holds about 22% of Aeromexico, aims for $400-500 million in the carrier’s Mexico City-based listing. The timing of the IPO launch is uncertain due to market volatility following elections. Aeromexico, assisted by Barclays Plc, Morgan Stanley, JPMorgan Chase & Co., Evercore Inc., and Apollo Global Securities, filed for Chapter 11 protection in 2020 amid a pandemic-induced travel downturn and is now seeking a return to public markets after two years of being delisted.
Source: YAHOO