Transportation
Latam Airlines US Shares Up 2.9% After $456 Million Offering
The Santiago-based airline’s ADS closed at $24.70 each on Thursday in New York, a day after the shareholders sold 19 million ADS for $24 apiece.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
Latam Airlines Group SA’s American depositary shares climbed 2.9% in their return to the US market after a group of shareholders raised $456 million in an offering.
The Santiago-based airline’s ADS closed at $24.70 each on Thursday in New York, a day after the shareholders sold 19 million ADS for $24 apiece. Each ADS represents 2,000 of Latam’s common shares, which trade on the Chilean Stock Exchange.