VivaAerobus (Monterrey Mariano Escobedo) has delayed its Initial Public Offering (IPO) on the Mexican Stock Exchange (Bolsa Mexicana de Valores - BMV) owing to perceived market volatility. “While we received significant interest from potential investors, the continued market volatility is not an optimal condition for an IPO,” Chief Executive Officer Juan Carlos Zuazua told Bloomberg Business. At present, Viva Aerobus is owned by Irelandia Aviation, linked to the original founders of Ryanair (FR, Dublin International), and Inversionistas en Autotransportes Mexicanos SA (IAMSA), the Mexican bus company, both of which hold a 46.1% stake. With roughly 21% of the company up for grabs, the IPO is valued at MXN3billion (USD226million) and would help the LCC raise funds to support its expansion plans and pay off loans.