The company returned to the stock market this Thursday through a global offering that combines a public and private placement, seeking to consolidate its financial recovery after the restructuring process that led it to withdraw in 2022. The return is under the ticker AERO and includes the issuance of just over 27.4 million shares in the Mexican market at a price of 35.34 pesos per share, as well as the placement of American Depositary Receipts (ADS) in the United States for $19 each. During its first day on the Mexican Stock Exchange, the airline's shares rose to 36.20 pesos, an increase of 2.4% from the offering price. Delta and Aeroméxico challenge the US decision that forces them to dissolve their alliance. According to information released by the company itself, the offering includes both a primary issue—i.e., new shares placed by the company itself—and a secondary offering made by some of its shareholders. The company also reported that Delta, its strategic partner and shareholder, did not participate in the operation and signed a four-year non-sale agreement. In parallel, Aeroméxico launched a private placement for approximately $25 million, at a price of $1,805 per share, which will conclude in the coming days. From January to September of this year, the airline transported 18.4 million passengers, which shows the progress in its recovery and its new stage as an issuer on the stock exchanges of Mexico and New York. Together, between the global offering and the private placement, the airline expects to raise around $178.8 million before commissions. The funds obtained will be allocated to strengthen the company's operations, with investments in the expansion and maintenance of its fleet and in improving the customer experience. The return marks the comeback of one of the country's iconic companies to the financial markets, three years after it filed for Chapter 11 bankruptcy protection in the United States amid the global health crisis. Aeroméxico began trading again on the stock exchanges of Mexico and New York. In total, 7 million shares and over 7 million ADS were offered in the primary part, and just over 20 million shares and 4.3 million ADS in the secondary part. Additionally, the selling shareholders granted financial intermediaries the option to acquire up to 2.1 million additional ADS over the next 30 days, although this option will not apply to the placement in Mexico.
