Reuters: IPOX® Analyst Muehlbauer Weighs in on Aeromexico's NYSE Debut Amid Regulatory Challenges

Reuters covered Apollo-backed Grupo Aeromexico's successful NYSE debut, where shares rose 0.84% to open at $19.16, valuing the Mexican airline at nearly $2.8 billion. This marks the carrier's return to public markets almost four years after emerging from Chapter 11 bankruptcy in 2022, following pandemic-induced restructuring that included cost reductions and fleet upgrades. The IPO raised $222.8 million through the sale of 11.7 million American Depositary Shares at the midpoint of the $18-$20 range, amid a resurgent U.S. IPO market fueled by equity rallies and interest rate cuts, despite delays from government shutdowns and trade policy shifts.

IPOX® Research Associate Lukas Muehlbauer offered key insights into the listing's implications, highlighting investor sentiment and potential headwinds. He noted:

The market reaction suggested investors were looking past the "immediate regulatory concerns," supported by Aeromexico's "post-bankruptcy recovery" and its return to public markets.

Muehlbauer also pointed to ongoing U.S. regulatory pressures, including efforts to revoke Mexican airline routes and unwind Aeromexico's joint venture with Delta Air Lines, which could impact U.S. operations.

Read the full article by Prakhar Srivastava on Reuters: Aeromexico valued at $2.8 billion in NYSE debut four years after bankruptcy exit