JAL to return to Tokyo bourse with $8.5 billion IPO

The airline plans to re-list its shares next month, less than three years after its bankruptcy in 2010.

JAL to return to Tokyo bourse with $8.5 billion IPO
JAL's return to the stock exchange will be the world's biggest IPO after Facebook this year

Japan Airlines JAL is rebounding from bankruptcy with plans to raise about 663 billion $8.5 billion from an initial public offering in Tokyo, slated for mid-September.

The carrier’s widely expected comeback to the Tokyo Stock Exchange, which it announced on Friday, marks a quick return to the bourse since delisting in early 2010, when it filed for bankruptcy with debts of 2.3 trillion. Two years on, JAL posted a record operating profit of 205 billion...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition