LATAM Airlines to Resume NYSE Trading Amid Secondary Offering

LATAM Airlines Group SA will resume trading on the NYSE this Thursday, following the pricing setup of a secondary public offering where shareholders aim to sell 19 million ADRs. Each ADR, priced at $24, represents 2,000 common shares of LATAM. This move marks a significant step for the airline.

LATAM Airlines Group SA announced it will resume trading on the New York Stock Exchange (NYSE) this Thursday, as stated in an official release.

The resumption follows the setup of a secondary public offering by several shareholders planning to sell 19 million American Depositary Receipts (ADRs), each representing 2,000 common shares of LATAM Airlines.

The ADRs are priced at $24 each for public purchase, signaling a strategic move in the company's financial operations.

(With inputs from agencies.)