Azul Linhas Aéreas Brasileiras Bovespa/NYSE IPO

Overview:

• Azul Linhas Aéreas Brasileiras, a major Brazilian airline, listed 63,000,000 shares on the BM&F Bovespa and the NYSE in its IPO. 
• Azul also offered 22,439,837 shares in a secondary public offer.
• The shares were priced at R$21.00 per a share, and the company raised R$1.79 billion. 
• Banco Itaú, Citigroup Global Markets Brasil Corretora de Câmbio Títulos e Valores Mobiliários, Deutsche Bank, BB-Banco de Investimento, Banco Bradesco, Banco Santander (Brasil), JPMorgan and Banco J Safra acted as underwriters. 
• Citigroup Global Markets Brasil Corretora de Câmbio Títulos e Valores Mobiliários and Citigroup Global Markets were granted a green shoe option by the selling shareholders. 

Rani Mehta - Journalist