Brazil's Azul will list today, following several attempts at going public in recent years while facing a weak Brazil economy.

The carrier has raised $571 million in a global initial public offering, and will start trading on the Sao Paulo and New York stock exchanges today under the symbols AZUL4 and AZUL respectively.

Azul has priced its preferred shares at R21 ($6.70) each, and its American depositary shares at $20.06.

Azul and its shareholders are offering more than 85.4 million preferred shares, of which 63 million are being offered by the airline itself. The remaining 22.4 million shares are being sold by the airline's selling shareholders in a global offering consisting of an international offering and Brazilian offering.

Each American depositary share represents three preferred shares.

Azul's selling shareholders have also granted underwriters a 30-day option to buy up to 10.8 million additional preferred shares.

The IPO is expected to close 17 April.

Azul had planned to list last week, but Brazilian regulators placed a last-minute suspension on the IPO, saying that the airline had flouted information sharing rules while marketing the offering.

Brazil's Securities and Exchange Commission subsequently revoked the suspension, after the airline took corrective actions.

Azul had first filed for an IPO as early as 2013, but scrapped its plans twice as Brazil's economy continued to sink.

Source: Cirium Dashboard