Results for: Secondary Share Sale

LATAM Airlines is considering a secondary sale of shares by certain shareholders as part of its efforts to relist its ADRs on the New York Stock Exchange. The sale, if it goes ahead, would aim to enhance the liquidity of both shares and ADRs. However, no definitive decisions have been made, and the decision will depend on the progress of the ADR relisting process and market conditions. The notice is in compliance with Rule 135e of the Securities Act of 1933 and does not constitute an offer to sell or request for offers to buy securities in the United States.

Lenskart is reportedly in talks with Temasek and Fidelity for a $200 million secondary share sale, which could push its valuation to around $5 billion. This significant increase would place Lenskart’s worth over three times that of its competitor Warby Parker. Temasek, an existing investor, is expected to lead the round with $125-150 million, while Fidelity will contribute the remaining amount. Other early investors may also divest a portion of their holdings. Lenskart’s financial performance has been strong, with estimated FY24 revenue of 5,500 crore and profit of 260 crore.