AirAsia IPO: No frills pricing

Asia''s first budget airline taxies home towards the bottom end of the range.

Jackie Horne

October 31, 2004

After being buffetted by persistent, record high oil prices, AirAsia priced its IPO towards the bottom end of the range on Friday. It marked a disappointing denouement for one of Asia's most interesting and entrepreneurial companies, but observers believe it was an achievement to price any kind of deal at all in a market currently obsessed with oil prices.

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