LATAM Prices $61.90 ADS Secondary Share Offering

LATAM Airlines Group has priced a previously announced public secondary offering of 12 million American Depositary Shares (ADS) at USD61.90 per share on the New York Stock Exchange.

The ADS are being sold by one of the airline’s existing shareholders and not by LATAM itself. Each ADS represents 2,000 common shares of the Chile-based carrier. Based on the offering price, the 12 million ADS sale is valued at approximately USD742.8 million.

In a parallel transaction, another shareholder has also launched a public offering of 9 million ADS. LATAM confirmed that it will not receive any proceeds from either of the secondary share sales, as the transactions involve existing equity holders monetising part of their stakes.

Secondary offerings of ADS are commonly used by shareholders to increase liquidity and adjust portfolio exposure, particularly following restructuring processes or significant share price appreciation. LATAM has undergone substantial financial restructuring in recent years, emerging from Chapter 11 bankruptcy protection in the United States and implementing a revised capital structure aimed at strengthening its balance sheet and restoring investor confidence.

The pricing of the ADS offering reflects current market demand for LATAM shares, which trade on both the Santiago Stock Exchange and the NYSE through depositary receipts. The ADS structure allows international investors to gain exposure to LATAM’s equity without directly trading Chilean-listed shares.

LATAM Airlines Group operates one of the largest airline networks in Latin America, serving domestic and international markets across South America, North America, Europe, and other global destinations. The airline continues to focus on fleet modernisation, network optimisation, and operational efficiency as it consolidates its post-restructuring recovery.

While the company will not benefit directly from the proceeds of the secondary sales, the transactions may enhance trading liquidity and broaden the shareholder base in US markets. The offerings underscore ongoing investor interest in Latin American aviation as carriers continue to rebuild capacity and profitability following pandemic-related disruptions.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com