Panama’s Copa Holdings Lands $142m

Copa Holdings, the Panama-based airline company, raised $142.2m in a NYSE follow-on priced late Thursday. The company sold 3.98m shares at $35.75, a 0.2% discount to the closing price of $35.83, and a 0.5% premium to the last trade before the deal’s announcement on May 13, says a person on the issue. The proposed maximum price was $35.88 for an offer size up to $157m. US stocks closed higher Thursday. Morgan Stanley led the offering, which was said to be oversubscribed. Gross fees were just over $6m, according to Dealogic.