AviancaTaca Holding S.A., the parent of Avianca and TACA, on Monday commenced an initial public offering on the Colombian Stock Market consisting of 100 million shares of non-voting preferred stock, priced at $2.70 (COP5,000). The offering is expected to raise approximately $250 million after underwriter fees and discounts. The IPO will conclude April 15. Proceeds will be used for "corporate expansion plans of the holding company [and] subsidiaries," the company ...

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