Azul (AZUL) IPO Opens Higher

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Go back to Azul (AZUL) IPO Opens Higher

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

April 11, 2017 2:37 AM EDT

SÃO PAULO--(BUSINESS WIRE)-- Azul S.A., or Azul, (SAO: AZUL4) (NYSE: AZUL), announced yesterday that it has priced its initial public offering by it and its selling shareholders of 85,439,837 of 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 shareholders in a global offering, consisting of an international offering and a Brazilian offering. The preferred shares are being offered directly or in the form of American depositary shares, or ADSs, each of which represents three... More