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NewsReport: AirAsia X sets indicative price for IPO
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Report: AirAsia X sets indicative price for IPO
by hlk Thu 23 May 2013, 08:22
KUALA LUMPUR: Long-haul carrier AirAsia X, founded by entreprener Tan Sri Tony Fernandes,
has set an indicative price of RM1.45 per share for an initial public
offering (IPO) in Malaysia worth more than US$300mil (RM930mil),
according to sources with knowledge of the deal.
The company and
its shareholders are offering 790.1 million shares, with 75% of the
offering coming from new shares, according to the terms seen earlier.
The deal is slated to be priced on June 24, with its debut set for July
10.
CIMB, Credit Suisse, Maybank and Morgan Stanley were hired as joint global coordinators on the IPO. — Reuters
has set an indicative price of RM1.45 per share for an initial public
offering (IPO) in Malaysia worth more than US$300mil (RM930mil),
according to sources with knowledge of the deal.
The company and
its shareholders are offering 790.1 million shares, with 75% of the
offering coming from new shares, according to the terms seen earlier.
The deal is slated to be priced on June 24, with its debut set for July
10.
CIMB, Credit Suisse, Maybank and Morgan Stanley were hired as joint global coordinators on the IPO. — Reuters
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