Equity Deal of the Year: Azul $315m secondary equity offering on behalf of Hainan Airlines Holdings

摘要

Azul's $315 million follow-on offering wins the equity deal of the year. It follows the Brazilian carrier's R$2 billion ($644 million) initial public offering in Apri 2017. The transaction saw Azul offering 19,379,335 in American depositary shares (ADS) of the Brazilian airline in the United States and elsewhere outside of Brazil on behalf one of its shareholders, Hainan Airlines Holding (Hainan). Each ADS represented three preferred shares of Azul.