MONTERREY, Mexico, Nov 9 (Reuters) - Some shareholders of Mexican low-cost airline Volaris on Monday said they would sell 90 million shares in the company, sending the stock down sharply.
The shareholders will offer the stock, plus an overallotment of 9 million additional shares, the company said in a statement.
The offer, including the overallotment, is equivalent to about 11 percent of the company’s listed shares, according to a Reuters calculation.
Volaris shares fell almost 6 percent to 27.55 pesos, trading around their weakest price in nearly a month. (Reporting by Gabriela Lopez; Editing by Andrew Hay)