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.

Thai AirAsia’s controlling shareholder launches $145 million IPO
Thai AirAsia is scheduled to launch on the stock exchange on May 31 (AFP)

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.

Asia Aviation is a holding company that is wholly-owned by Thai AirAsia’s management and whose sole investment is its stake in the Thai airline. The remaining 49% of Thai AirAsia is owned by Malaysia’s...

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