07:02 AM EDT, 06/12/2024 (MT Newswires) -- Apollo Global Management ( APO ) and other investors are planning to raise about $400 million to $500 million in an initial public offering of Mexican carrier Grupo Aeromexico, Bloomberg News reported Wednesday, citing people familiar with the matter.

The IPO's timing is still unclear considering volatility in Mexican markets following recent elections, the report said.

Apollo and Aeromexico did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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