0001432364
IPO filing research

AZUL SA

Air Transportation, Scheduled · AZULQ

follow-on filed OTC F-1

AZUL SA IPO research page with SEC filing history, offering status, deal terms, structured filing extracts, company news, and comparable IPO context. Latest filing: F-1 on 2026-05-06. Current deal snapshot: exchange OTC.

Filing Timeline

SEC EDGAR
F-1 filed
Initial foreign registration statement
Initial public filing for a foreign issuer submitted to start the SEC review process.
First tracked pre-IPO filing for this issuer.
406,383,345 shares
Common shares, including American Depositary Shares (ADSs) representing two common shares each · Exchange B3 S.A.-Brasil, Bolsa, Balcão · Ticker AZUL3 · Warrants exercisable for up to 40,374,766 common shares · Selling stockholders only · Use of proceeds Proceeds will go to selling shareholders, not the issuer · Flags foreign_private_issuer, warrants
Azul S.A. has filed an F-1 registration statement to register the resale of up to 406,383,345 common shares, including American Depositary Shares (ADSs), by selling shareholders. The filing relates to shares issued in an Equity Rights Offering and those issuable upon exercise of warrants and stock options. The company is also registering shares held by Restricted ADS Holders who acquired them in the Equity Rights Offering. The filing follows Azul's emergence from Chapter 11 bankruptcy, with the Plan of Reorganization confirmed by the U.S. Bankruptcy Court.
2026-05-06 · 0001292814-26-002828
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows EFFECT in the pre-IPO sequence.
AZUL SA filed its first annual report under Form 20-F, indicating ongoing compliance and reporting requirements following its initial public offering (IPO). The filing includes detailed financial disclosures, corporate structure information, and regulatory updates, reflecting the company's post-IPO operational and financial transparency obligations.
2026-04-03 · 0001628280-26-023423
EFFECT effective
SEC effectiveness notice
SEC declared the registration statement effective, allowing the offering to proceed.
Follows 20-F and marks the registration effective.
AZUL SA's Notice of Effectiveness for Form F-6 indicates the SEC has accepted the registration statement, allowing the company to proceed with its securities offering. The filing marks the effectiveness of the offering, though specific details about the offering's terms, proceeds, or structure are not explicitly outlined in the provided text.
2026-01-02 · 9999999995-26-000033
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows 20-F in the pre-IPO sequence.
AZUL SA's 20-F filing for the fiscal year ending 2024 provides financial disclosures, including details on capital structure, debt obligations, and subsidiaries. The filing includes XBRL-tagged data on shares, financial assets, liabilities, and corporate entities, but lacks a traditional narrative structure or explicit risk factors.
2025-04-29 · 0001628280-25-020401
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows 20-F in the pre-IPO sequence.
AZUL SA's 2023 20-F filing highlights continued focus on debt management, with new senior notes (2024, 2026) and debt securities issued, alongside provisions for aircraft impairment and onerous contracts. Subsidiaries and related entities remain central to operations, with no significant changes in corporate structure compared to 2022. Financial disclosures emphasize liquidity risks and asset valuation uncertainties.
2024-05-16 · 0001628280-24-023656
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows 20-F in the pre-IPO sequence.
AZUL SA's 2022 20-F filing primarily contains technical financial data and XBRL tags, with limited narrative details. The document focuses on financial metrics, subsidiaries, and asset classifications, but lacks a traditional narrative overview of the company's operations or strategic direction. Comparisons to the 2021 filing reveal structural updates to financial reporting elements but no explicit operational or strategic changes.
2023-04-20 · 0001628280-23-012117
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows 20-F in the pre-IPO sequence.
AZUL SA's 2022 filing includes disclosures on aircraft leases, impairment provisions, and financial assets, with references to subsidiaries like AzulConectaLtda and TudoAzulSA. The filing highlights asset management, revenue segments (passenger, cargo), and financial obligations, including convertible debt and aircraft-related receivables.
2022-05-02 · 0001628280-22-011577
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows 20-F in the pre-IPO sequence.
AZUL SA's 20-F filing provides an overview of its financial and operational performance for the fiscal year ended December 31, 2020. The document includes details on the company's business structure, financial statements, risk factors, and corporate governance. Key sections highlight the airline's operations, capital structure, and financial position, with a focus on its revenue, expenses, and liquidity. The filing also references subsidiaries and affiliated entities, as well as regulatory and market-related risks.
2021-04-30 · 0001628280-21-008429
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows 20-F in the pre-IPO sequence.
Azul S.A., a Brazilian airline, operates a regional network with a focus on point-to-point routes. The 2020 annual report highlights financial performance for the fiscal year ended December 31, 2019, including fleet operations, revenue, and risk factors. The company faces challenges from the COVID-19 pandemic, which significantly impacted its operations and demand.
2020-04-30 · 0001193125-20-128789
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows 20-F in the pre-IPO sequence.
Azul S.A., a Brazilian airline operating under IFRS, reported financial results for the fiscal year ending December 31, 2018. The filing includes sections on financial data, capitalization, risk factors, and company operations. Key elements include fleet utilization metrics, revenue details, and regulatory compliance. The company operates in a competitive aviation market with exposure to economic and currency fluctuations.
2019-04-30 · 0001193125-19-129160
20-F supplemental
20-F
Pre-IPO filing captured from the SEC submission timeline.
Follows 424B1 in the pre-IPO sequence.
Azul S.A.'s 20-F filing provides an annual overview of its operations as a Brazilian airline, detailing financial performance, risk factors, corporate governance, and business strategies. The filing highlights its fleet of aircraft, route network, and financial results for the fiscal year ended December 31, 2017, prepared under IFRS. It includes sections on risk factors, liquidity, capital resources, and corporate governance, reflecting the company's focus on expanding its market presence in Brazil and managing operational and financial risks.
2018-04-27 · 0001193125-18-137918
424B1 priced
Final prospectus
Final prospectus filed after pricing with final deal terms.
Follows EFFECT and confirms the priced prospectus.
Price $26.75 · 40,630,186 shares · Gross proceeds $362,320,597
Preferred shares in the form of American depositary shares (ADSs), each representing three preferred shares · Exchange NYSE · Ticker AZUL · Over-allotment 4,063,019 · Selling stockholders only · Use of proceeds Proceeds go to selling shareholders · Flags foreign_private_issuer · Underwriters Citigroup, Deutsche Bank Securities, Ita BBA
AZUL SA's 424B1 filing details a global offering of 40,630,186 preferred shares, including American Depositary Shares (ADSs), by selling shareholders. The offering includes an international component (underwritten by Citigroup, Deutsche Bank, and others) and a Brazilian offering. The company will not receive proceeds, with net proceeds going to selling shareholders. The offering price is set at R$27.96 per preferred share (US$26.75) with underwriting discounts of R$0.77/US$0.74. The offering is conditioned on mutual closings of both international and Brazilian components.
2017-09-18 · 0001193125-17-286807
F-1/A amended
Amended foreign registration statement
Updated foreign registration statement filed after SEC comments or deal changes.
Updates the prior F-1/A filing.
Price $404,168,423
Preferred shares including in the form of ADSs
Azul S.A. filed a pre-effective amendment (F-1/A) to register preferred shares, including American Depositary Shares (ADSs), under the Securities Act of 1933. The filing includes updates to exhibits and reflects the company's preparation for its initial public offering, with underwriters including Cogency Global Inc. The amendment focuses on regulatory compliance and disclosure requirements for the securities offering.
2017-09-14 · 0001193125-17-284466
EFFECT effective
SEC effectiveness notice
SEC declared the registration statement effective, allowing the offering to proceed.
Follows F-1/A and marks the registration effective.
AZUL SA's Form F-1 registration statement became effective on September 14, 2017. The filing includes updates to the exhibit index and adds a previously omitted exhibit, while omitting Part I (prospectus) as noted in the pre-effective amendment. The company prepares for its initial public offering with underwriters including Cogency Global Inc.
2017-09-14 · 9999999995-17-002364
F-1/A amended
Amended foreign registration statement
Updated foreign registration statement filed after SEC comments or deal changes.
Updates the prior F-1 filing.
Price $404,168,423 · Gross proceeds $404,168,423
Preferred · Each ADS represents three preferred shares · Flags adr, units
Azul S.A. filed a pre-effective amendment (F-1/A) to its Form F-1 registration statement for an IPO, primarily to include previously omitted exhibits and update the exhibit index. This filing excludes Part I (the prospectus) and delays the effective date until a further amendment is filed. The amendment also clarifies the structure of the global offering, including the international and Brazilian components, and outlines the roles of underwriters and legal counsel.
2017-09-13 · 0001193125-17-283952
F-1 filed
Initial foreign registration statement
Initial public filing for a foreign issuer submitted to start the SEC review process.
Follows DRS in the pre-IPO sequence.
40,630,186 shares
Preferred · Exchange NYSE · Ticker AZUL · Each ADS represents three preferred shares · Selling stockholders only · Use of proceeds Proceeds will go to selling shareholders, with no proceeds to the issuer · Flags foreign_private_issuer, units · Underwriters Citigroup, Deutsche Bank Securities, Ita BBA
Azul S.A. is conducting a global offering of preferred shares, including American Depositary Shares (ADSs), with an international component in the U.S. and other markets, alongside a Brazilian offering. The offering involves underwriters such as Citigroup, Deutsche Bank, and Ita BBA, with ADSs representing three preferred shares. The company is not receiving proceeds from the sale, and the offering is subject to regulatory approvals and market conditions.
2017-09-12 · 0001193125-17-282828
DRS filed
Draft registration statement
Draft registration filed confidentially before the public launch.
Begins the tracked draft filing sequence after 424B1.
Azul S.A. is conducting a global offering of preferred shares, including American Depositary Shares (ADSs), through Selling Shareholders. The offering includes an international component in the U.S. and other markets, alongside a Brazilian offering. The offering involves underwriters such as Citigroup, Ita BBA, and Deutsche Bank Securities, with potential for over-allotment options. The filing emphasizes the structure of the offering, including ADSs representing three preferred shares, and highlights the lack of direct proceeds to Azul from the Selling Shareholders' sales.
2017-09-01 · 0000950123-17-008375
424B1 priced
Final prospectus
Final prospectus filed after pricing with final deal terms.
Follows EFFECT and confirms the priced prospectus.
Price $21.00 · 85,439,837 shares · Gross proceeds $571,249,189
preferred · Exchange NYSE · Ticker AZUL · Over-allotment 10,800,000 · Use of proceeds debt repayment, working capital, acquisitions · Flags adr · Underwriters Citigroup, Ita BBA, Deutsche Bank Securities
AZUL SA is conducting an initial public offering (IPO) of 85,439,837 preferred shares, including American depositary shares (ADSs), with 63,000,000 shares offered by the company and 22,439,837 by selling shareholders. The offering includes a global structure with international and Brazilian components, listing ADSs on the NYSE under 'AZUL' and preferred shares on BM&FBOVESPA under 'AZUL4'. The IPO price is set at R$21.00 per preferred share and US$20.06 per ADS, with underwriters including Citigroup, Deutsche Bank, JPMorgan, and others. The offering includes a 30-day option for underwriters to purchase additional shares.
2017-04-11 · 0001193125-17-120013
EFFECT effective
SEC effectiveness notice
SEC declared the registration statement effective, allowing the offering to proceed.
Follows EFFECT and marks the registration effective.
AZUL SA's Notice of Effectiveness dated April 10, 2017, confirms the effectiveness of a POS AM submission. The previous filing on April 6, 2017, referenced a Form F-6, indicating a potential transition in filing type or regulatory requirements.
2017-04-10 · 9999999995-17-000781
EFFECT effective
SEC effectiveness notice
SEC declared the registration statement effective, allowing the offering to proceed.
Follows F-1/A and marks the registration effective.
AZUL SA's Form F-1 registration statement became effective on April 6, 2017, following a pre-effective amendment (Amendment No. 4) to correct an error in Exhibit 23.1. The filing confirms the registration of preferred shares and ADSs, with underwriters permitted to purchase additional shares to cover options. The prospectus portion of the registration statement was omitted in this filing.
2017-04-06 · 9999999995-17-000747
EFFECT effective
SEC effectiveness notice
SEC declared the registration statement effective, allowing the offering to proceed.
Follows EFFECT and marks the registration effective.
AZUL SA's Notice of Effectiveness indicates the SEC has accepted the registration statement for the company's securities offering. The filing date is April 6, 2017, with the form type changing from F-1 to F-6 compared to the previous filing. The company's CIK and name remain consistent, but the file number differs between the two filings.
2017-04-06 · 9999999995-17-000748
F-1/A amended
Amended foreign registration statement
Updated foreign registration statement filed after SEC comments or deal changes.
Updates the prior F-1/A filing.
Price $706,663,295 · Gross proceeds $706,663,295
Preferred shares including in the form of ADSs · Each ADS represents three preferred shares · Flags units
Azul S.A. is conducting an IPO to register preferred shares and ADSs, with a global offering including international and Brazilian components. The filing corrects an error in Exhibit 23.1 from a prior amendment and omits Part I (the prospectus) as per the explanatory note. The offering involves underwriters and is conditioned on simultaneous closings. The company anticipates listing ADSs on the NYSE and preferred shares on BM&FBOVESPA.
2017-04-04 · 0001193125-17-110123
F-1/A amended
Amended foreign registration statement
Updated foreign registration statement filed after SEC comments or deal changes.
Updates the prior 8-A12B filing.
Range $18.02 to $21.81 · 72,000,000 shares · Gross proceeds $706,663,295
Preferred · Exchange NYSE · Ticker AZUL · Over-allotment 10,800,000 · Each ADS represents three preferred shares · Use of proceeds Working capital and general corporate purposes · Flags adr, foreign_private_issuer · Underwriters Citigroup, Ita BBA, Deutsche Bank Securities
Azul S.A. is conducting an initial public offering (IPO) of preferred shares, including American Depositary Shares (ADSs), with a global offering comprising international and Brazilian markets. The offering is underwritten by major firms like Citigroup, Deutsche Bank, and JPMorgan. The ADSs are proposed to be listed on the NYSE under 'AZUL,' while preferred shares will be listed on BM&FBOVESPA. The offering includes a price range of R$19.00-R$23.00 per preferred share and US$18.02-US$21.81 per ADS, with underwriters retaining an option to purchase additional shares. The filing emphasizes risks related to market conditions, regulatory compliance, and currency fluctuations.
2017-04-03 · 0001193125-17-108629
8-A12B effective
Exchange Act registration
Registration filed to list the securities under the Exchange Act ahead of trading.
Follows F-1/A and registers the class of securities for exchange listing.
Azul S.A. filed Form 8-A12B to register American Depositary Shares (ADSs) and preferred shares under Section 12(b) of the Securities Exchange Act. The filing incorporates by reference disclosures from the earlier F-1 Registration Statement, including details about the capital structure, ADSs, and dividend policy. The ADSs are exempt from 12(b) registration under Rule 12a-8, as they are part of a separate F-1 registration. The filing focuses on the legal and procedural aspects of securities registration rather than offering details.
2017-03-29 · 0001193125-17-101828
F-1/A amended
Amended foreign registration statement
Updated foreign registration statement filed after SEC comments or deal changes.
Updates the prior F-1/A filing.
Azul S.A. is conducting an initial public offering (IPO) of 72,000,000 preferred shares, including American Depositary Shares (ADSs), with an estimated price range of R$19.00-R$23.00 per preferred share and US$18.02-US$21.81 per ADS. The offering includes a global structure with international and Brazilian components, led by underwriters such as Citigroup, Deutsche Bank, and JPMorgan. The ADSs are proposed for listing on the NYSE under 'AZUL,' while preferred shares will be listed on BM&FBOVESPA under 'AZUL4.' The filing amends prior disclosures to reflect updated offering terms and registration fees.
2017-03-16 · 0001193125-17-084945
F-1/A amended
Amended foreign registration statement
Updated foreign registration statement filed after SEC comments or deal changes.
Updates the prior F-1 filing.
Gross proceeds $100,000,000
Preferred Shares
The current F-1/A filing by Azul S.A. is a pre-effective amendment to include previously unfilled exhibits, omitting Part I (prospectus). It outlines the registration of preferred shares and American Depositary Shares (ADSs), with details on underwriters, offering terms, and applications for listing on the NYSE and BM&FBOVESPA. The filing emphasizes the global offering structure, including concurrent sales in Brazil and the U.S., and references legal opinions and agreements related to the securities.
2017-03-03 · 0001193125-17-069359
F-1 filed
Initial foreign registration statement
Initial public filing for a foreign issuer submitted to start the SEC review process.
Follows DRS/A in the pre-IPO sequence.
Price $100,000,000
preferred share · Exchange NYSE · Ticker AZUL4 · Each ADS represents one preferred share · Use of proceeds for general corporate purposes · Flags adr, foreign_private_issuer · Underwriters Citigroup, Deutsche Bank Securities, Ita BBA
Azul S.A. is conducting an initial public offering (IPO) of non-voting preferred shares, including American Depositary Shares (ADSs), in the United States and Brazil. The offering involves international underwriters and Brazilian underwriters, with a global structure including simultaneous offerings in both jurisdictions. The IPO aims to list ADSs on the NYSE and preferred shares on BM&FBOVESPA, with proceeds intended for general corporate purposes. The filing includes details on underwriting discounts, offering prices, and a reference to a 'Risk Factors' section outlining potential investment risks.
2017-02-06 · 0001193125-17-031614
DRS/A amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS/A filing.
Azul S.A. is conducting an initial public offering (IPO) of non-voting preferred shares, including American Depositary Shares (ADSs). The offering involves international underwriters and Brazilian underwriters, with shares listed on the NYSE under 'AZUL' and on BM&FBOVESPA. The IPO includes a global offering structure with concurrent sales in Brazil and internationally, conditioned on mutual closings. The filing outlines the proposed offering price, underwriting discounts, and regulatory disclosures.
2017-01-17 · 0000950123-17-000255
DRS/A amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS filing.
Azul S.A. is conducting an initial public offering (IPO) of non-voting preferred shares, including American Depositary Shares (ADSs), to raise capital. The offering includes a global structure with international underwriters managing the U.S. and non-Brazilian sales, while Brazilian underwriters handle the domestic offering. The shares are slated for listing on the NYSE under 'AZUL' and on BM&FBOVESPA. The filing outlines pricing details, underwriting discounts, and the use of proceeds, with no public market currently existing for the securities.
2016-12-13 · 0000950123-16-022784
DRS filed
Draft registration statement
Draft registration filed confidentially before the public launch.
Begins the tracked draft filing sequence after RW.
Azul S.A. is conducting its initial public offering (IPO) of non-voting preferred shares, including American Depositary Shares (ADSs). The offering involves international underwriters (Citigroup, Deutsche Bank Securities) and Brazilian underwriters, with shares listed on the NYSE under 'AZUL' and BM&FBOVESPA. The offering includes a global structure with simultaneous sales in Brazil and outside the country. No public market exists for the shares, and the company anticipates an IPO price range based on exchange rates. The filing includes a prospectus with risk factors, underwriting details, and financial information.
2016-10-31 · 0000950123-16-020959
RW withdrawn
Withdrawal request
Issuer requested withdrawal of the registration statement.
Follows F-1 and ends the active registration process.
AZUL SA submitted a Request for Withdrawal (RW) on August 12, 2015, to withdraw its previously filed Registration Statement on Form F-1 (File No. 333-200646) for its proposed public offering. The company decided not to proceed with the offering, confirming that the registration was not effective and no securities were issued or sold.
2015-08-12 · 0000947871-15-000548
F-1 filed
Initial foreign registration statement
Initial public filing for a foreign issuer submitted to start the SEC review process.
Follows DRS/A in the pre-IPO sequence.
preferred share · Exchange NYSE · Ticker AZUL · American Depositary Shares (ADSs) representing preferred shares · Selling stockholders only · Use of proceeds General corporate purposes · Flags foreign_private_issuer, units · Underwriters Morgan Stanley, Ita BBA, Goldman, Sachs & Co.
Azul S.A. is conducting an initial public offering (IPO) of non-voting preferred shares, which may be offered directly or in the form of American Depositary Shares (ADSs). The offering includes a global structure with simultaneous sales in the U.S. and Brazil, underwritten by major firms like Morgan Stanley, Goldman Sachs, and Itaú BBA. The IPO aims to raise up to $100 million, with shares listed on the NYSE and BM&FBOVESPA. The prospectus highlights risks related to the airline industry, including competition, regulatory changes, and economic volatility.
2014-12-01 · 0001193125-14-428728
DRS/A amended
Amended draft registration statement
Updated draft registration filed before the public launch.
Updates the prior DRS filing.
AZUL SA is conducting an initial public offering (IPO) of non-voting preferred shares, with the offering structured as a global offering. The international underwriters are offering preferred shares and American depositary shares (ADSs) in the U.S. and outside Brazil, while Brazilian underwriters are handling the offering in Brazil. The offering includes a 30-day option for underwriters to purchase additional shares. The company has applied for listings on the NYSE and BM&FBOVESPA.
2014-10-30 · 0000950123-14-010719
DRS filed
Draft registration statement
Draft registration filed confidentially before the public launch.
Begins the tracked draft filing sequence after RW.
Azul S.A. is conducting an initial public offering (IPO) of non-voting preferred shares, including American Depositary Shares (ADSs), under a Form F-1 registration statement. The offering involves international underwriters and Brazilian underwriters, with shares to be listed on the NYSE and BM&FBOVESPA. The IPO price range is estimated based on exchange rates, and the offering is contingent on the registration statement becoming effective. No public market exists for the shares, and the offering includes over-allotment options for underwriters.
2014-09-10 · 0000950123-14-009690
RW withdrawn
Withdrawal request
Issuer requested withdrawal of the registration statement.
Follows F-1 and ends the active registration process.
Azul S.A. withdrew its Form F-1 registration statement for an IPO, citing no intention to proceed with the offering. The company confirmed the registration statement was never effective and no securities were issued.
2014-07-07 · 0000947871-14-000439
F-1 filed
Initial foreign registration statement
Initial public filing for a foreign issuer submitted to start the SEC review process.
Follows DRS in the pre-IPO sequence.
Price $100,000,000
Preferred · Selling stockholders only · Use of proceeds Selling stockholders will receive all proceeds from the offering · Flags adr · Underwriters Morgan Stanley, Ita BBA, Goldman, Sachs & Co.
Azul S.A. is conducting its initial public offering (IPO) of non-voting preferred shares, including American Depositary Shares (ADSs). The offering involves a global structure, with shares sold in the U.S. and other international markets via international underwriters, and concurrently in Brazil through Brazilian underwriters. The IPO aims to raise up to $100 million, with shares listed on the NYSE and BM&FBOVESPA. The prospectus highlights risks related to market conditions, regulatory compliance, and operational challenges.
2013-05-28 · 0001193125-13-236113
DRS filed
Draft registration statement
Draft registration filed confidentially before the public launch.
First tracked pre-IPO filing for this issuer.
Azul S.A., a Brazilian airline, is conducting an initial public offering (IPO) of non-voting preferred shares, including American Depositary Shares (ADSs). The offering involves international underwriters (Morgan Stanley, Ita BBA, Goldman Sachs, Santander, Banco do Brasil Securities LLC) and Brazilian underwriters. The shares will be listed on the NYSE and BM&FBOVESPA. The IPO aims to raise capital through a global offering, with proceeds intended for general corporate purposes. No public market exists for the shares, and the offering is subject to regulatory approvals.
2013-03-26 · 0000950123-13-001796
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+7.1%
Median day-1
100%
Above issue
-2.6%
Median week-1
+7.1%
Downside (p10)

Recent News

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