LATAM Airlines slips after secondary share offering launched

LATAM Airlines

13/08/2025 22:00

** 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

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))