Airline Aeromexico, Holders Seek $314 Million in IPO, Placement

Grupo Aeromexico SAB and some of its shareholders are seeking to raise as much as $314 million in a long-awaited initial public offering and private placement, over three years after the Mexican airline emerged from bankruptcy.

The Apollo Global Management Inc.-backed carrier, which plans to list concurrently on the Mexican Stock Exchange and the New York Stock Exchange, and the selling stockholders are offering American Depositary Receipts for $18 to $20 each, according to a filing Friday.