This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Volaris CEO Enrique Beltranena, Along With Members Of The Company's Shareholders And Management Team, Rings The NYSE Opening Bell To Celebrate The Company's IPO And First Day Of Trading On The NYSE. (Source: NYSE Euronext Photo)

Stocks in this article: NYX

Mexico’s Volaris, an ultra-low-cost airline, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “VLRS” after an initial public offering of ADRs. GETCO is the Designated Market Maker (DMM) for the company’s stock.

Volaris CEO Enrique Beltranena in the center of the trading crowd as Volaris' stock opens on the NYS ...

Volaris CEO Enrique Beltranena in the center of the trading crowd as Volaris' stock opens on the NYSE. (Source: NYSE Euronext photo)

Volaris CEO Enrique Beltranena, joined by members of the Company’s shareholders and management team, celebrated the company’s first day of trading by ringing The Opening Bell® and visiting the NYSE trading floor to witness the stock opening.

"We’re delighted to welcome Volaris to the NYSE,” said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. “Volaris is one of the largest airlines in Mexico and an excellent addition to the NYSE’s community of leading global companies. We congratulate Volaris on its IPO and look forward to a lasting partnership with the company and its shareholders.”

“The initial public offering of Volaris marks another significant milestone for this structurally unique airline,” said Enrique Beltranena, Chief Executive Officer of Volaris. “Our revenue strategy is based on incentivizing demand by offering low fares and a diversified set of optional products and services for our clients. And by maximizing the utilization of our assets and with labor contracts that include productivity and other variables, we have been able to achieve the lowest unit cost position of any publicly traded airline in Latin America. We are thankful for the support of our very well chosen bank syndicate and the NYSE which together with our shareholders have supported the company to achieve a successful public offering.”

Volaris is the first Mexican company to list its IPO on the NYSE in 2013, and the second to list from the Latin American region so far this year. NYSE is the leading destination for Latin American companies listing outside their home market. The NYSE currently lists 78 companies from Latin America, with a combined market valuation of approximately $1.2 trillion.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,088.05 +57.84 0.32%
S&P 500 2,089.61 +7.73 0.37%
NASDAQ 4,796.5270 +23.0550 0.48%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs