SPAIN - Vueling to float in December
The Spanish stock market regulator CNMV has approved the IPO of 42.62% of low-cost airline Vueling. The share price should oscillate between EUR 24-32 and will give the company a capitalisation of around EUR 359-478m.
The debut of Vueling in the stock exchange is expected for December 1. The airline is owned by Apax (40%), Inversiones Hemisferio (30%), the company's management (23%) and the investment vehicle of the president of JetBlue, Dave Barger (7%).
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