LATAM Airlines slips after secondary share offering launched
ReutersAug 13, 2025 9:00 PM
U.S.-listed shares of Chile-based LATAM Airlines LTM.N down 3.9% at $43 in extended trading after secondary offering news
LTM launches sale of 15 mln American Depositary Shares (ADSs) by existing shareholders
JP Morgan and Barclays are underwriters for offering
U.S.-listed shares on Wed ended up 3.3% at $44.75
Co has 302.2 mln shares outstanding for about $13.5 bln market cap, per LSEG data
YTD, shares up 62%
All 6 analysts rate LTM "buy" and median PT is $52.50 - LSEG
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