Nov. 6 at 8:58 PM
Shares of Grupo Aeroméxico climbed 0.84% in their New York Stock Exchange debut on Thursday, giving Mexico’s largest airline a market value of nearly
$2.8 billion and marking its return to U.S. capital markets after emerging from bankruptcy two years ago.
The stock opened at
$19.16, slightly above its
$19 issue price. Aeroméxico and existing shareholders sold 11.7 million American Depositary Shares (ADS) in an initial public offering priced at the midpoint of the
$18–
$20 range, raising about
$222.8 million.
The funds are expected to support Aeroméxico’s fleet expansion, route growth, and operational modernization, as the carrier continues to strengthen its position in both domestic and international markets.
The airline is backed by Apollo Global Management and Delta Air Lines , its strategic partner in North America. The two companies have an extensive joint venture that coordinates transborder operations between the U.S. and Mexico.
$DAL $APO