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LATAM Airlines Group S.A. launches public offering on New York Stock Exchange
LATAM Airlines Group S.A. announced that certain of its shareholders have launched a public offer to sell 19,000,000 ADRs (American Depositary Receipts) on the New York Stock Exchange (NYSE), each representing 2,000 ordinary shares of LATAM. In addition, the shareholders intend to grant the underwriters a call option for up to 30 days to purchase up to an additional 2,850,000 ADRs at the initial public offering price. LATAM will not receive any proceeds from the sale.
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