Bangkok Airways To Launch Thai IPO

Bangkok Airways is aiming to raise $430m through an initial public offering (IPO) and listing on the Stock Exchange of Thailand (SET).

Bangkok Airways is aiming to raise $430m through an initial public offering (IPO) and listing on the Stock Exchange of Thailand (SET).

With up to 520 million shares up for grabs, the carrier hopes that the IPO will give the general public a “unique opportunity to be a part of the company’s growth and the rise of the aviation industry as a whole”.

Subscription is tentatively scheduled for mid-October, with the shares expected to start trading on the SET by the end of the month.

Bangkok Airways stated that it is “confident of its growth potential” and that it believes further business expansion will put it in a “prime position to capitalise on the growth of the aviation and travel industry in Thailand and the region”.

TAGS: Asia Pacific
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