The IPO Buzz: Grupo Aeromexico (AERO) Prices IPO at $19 – Mid-Point

Grupo Aeromexico (AERO) priced its IPO at $19.00 – the mid-point of its $18.00-to-$20.00 range – and sold 11.7 million American Depositary Shares (ADS) – the number in the prospectus – to raise $222.8 million on Wednesday night, Nov. 5, 2025. Each ADS represents 10 ordinary shares, according to the prospectus. At pricing, Grupo Aeromexico (AERO) had a market capitalization of about $2.77 billion.

The ADS of Grupo Aeromexico (AERO) are expected to start trading today – Thursday, Nov. 6, 2025 – on the New York Stock Exchange.

Barclays,  Morgan Stanley and  J.P. Morgan were the leaders of the joint book-running team. Evercore ISI and Apollo Global Securities also served as book-runners.

Of the 11.7 million ADS in the IPO, Grupo Aeromexico offered 7.39 million ADS and the selling shareholders offered 4.33 million ADS, the prospectus said.

Grupo Aeromexico raised another $25 million in a private placement on Wednesday night. The company conducted an offering of ordinary shares in Mexico. (Please see Bloomberg story and check the company’s SEC filings.)

Based in Mexico City, Grupo Aeromexico (AERO) is Mexico’s only full-service carrier with long-haul wide-body jet service to the rest of the world, according to the prospectus. The company exited Chapter 11 bankruptcy in 2022 – and it’s profitable.

Grupo Aeromexico  has a partnership with Delta Air Lines through its membership in SkyTeam, a global network of 18 international carriers that it co-founded with Delta more than 25 years ago, according to the prospectus.

The airline, founded in 1934, encountered financial turbulence during the COVID-19 pandemic and filed for Chapter 11 bankruptcy in 2020. Grupo Aeromexico emerged from Chapter 11 in 2022.

As of June 30, 2025, Grupo Aeromexico served every major city in Mexico and 52 international cities in 22 countries across four continents: North America, South America, Europe and Asia, according to the prospectus.

Grupo Aeromexico (AERO) is in the black, the prospectus showed: Net income of $360.8 million on revenue of $5.4 billion for the 12 months that ended on June 30, 2025.

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.) 

Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. 

To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. 

Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

Source: https://www.iposcoop.com/the-ipo-buzz-grupo-aeromexico-aero-prices-ipo-at-19-mid-point/