Asia Aviation IPO

Thai AirAsia’s controlling shareholder launches $145 million IPO

The total offering will include a private placement of up to $87 million, which could result in an overall deal size of as much as $232 million.

<div style="text-align: left;"> Thai AirAsia is scheduled to launch on the stock exchange on May 31 (AFP) </div>

May 15, 2012

Asia Aviation, which currently owns 51% of budget airline Thai AirAsia, kicked off the bookbuilding yesterday for an initial public offering that is aiming to raise between Bt4 billion and Bt4.6 billion ($126 million to $145 million).

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