Aeromexico eyes IPO.

Grupo Aeromexico, a Mexican carrier, is planning to return to equity markets by publicly listing American depositary shares (ADS) on the New York Stock Exchange. The company aims to raise up to $300 million through this initial public offering. Aeromexico had previously delisted from the Mexican Stock Exchange in 2022 but intends to go public again on both the New York Stock Exchange and the BMV. The company has enlisted Barclays, Morgan Stanley, JP Morgan, Evercore ISI, and Apollo Global Securities as lead underwriters for the IPO. Aeromexico's restructuring process in 2020 resulted in investment firm Apollo Global Securities and Delta Air Lines becoming its largest shareholders. The company experienced significant financial improvements in 2023, with record revenue and EBITDAR, as well as a reduced debt ratio. [Extracted from the article]