Volaris launches NYSE IPO

Mexican low-cost airline Volaris has opened for trading on the New York Stock Exchange under the ticker symbol (NYSE:VLRS) after an initial public offering of ADRs.

GETCO is the Designated Market Maker for the company’s stock.

Volaris CEO Enrique Beltranena, joined by members of the Company’s shareholders and management team, celebrated the company’s first day of trading by ringing the New York Exchanges’ iconic opening bell and visiting the trading floor to witness the stock’s first morning on the market.

“We’re delighted to welcome Volaris to the NYSE,” said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. “Volaris is one of the largest airlines in Mexico and an excellent addition to the NYSE’s community of leading global companies. We congratulate Volaris on its IPO and look forward to a lasting partnership with the company and its shareholders.”

“The initial public offering of Volaris marks another significant milestone for this structurally unique airline,” said Enrique Beltranena, Chief Executive Officer of Volaris. “Our revenue strategy is based on incentivizing demand by offering low fares and a diversified set of optional products and services for our clients. And by maximizing the utilization of our assets and with labor contracts that include productivity and other variables, we have been able to achieve the lowest unit cost position of any publicly traded airline in Latin America. We are thankful for the support of our very well chosen bank syndicate and the NYSE which together with our shareholders have supported the company to achieve a successful public offering.”

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  Alexander Evagora

• 

  Glenmore Investments

• 

  mattcollom

• 

  Anton F Balint