Azul Announces Pricing of U.S. $571.2 Million Global Initial Public Offering

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Azul (AZUL) IPO Opens Higher

April 11, 2017 11:31 AM EDT

Today's IPO for Brazilian airline Azul (NYSE: AZUL) opened for trading at $22 after pricing at US$20.06 per ADS.

The offering consisted of 85,439,837 Azuls preferred shares, of which 63,000,000 preferred shares are being offered by Azul and 22,439,837 preferred shares are being offered by the selling... More