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Interjet sets average IPO price

15-Jun-2011 1:50 PM

Interjet has priced its planned initial public offering at a median of MXN23 per share, according to an updated prospectus released this week (Reuters, 24-Jun-2011). The LCC is seeking to float 32.59% of its capital, including overallotment. Interjet plans to use the proceeds to fund aircraft purchases.