AirAsia's Thai unit mandates banks for 2011 IPO

Thai AirAsia says it plans to raise at least $150 million from a listing in Bangkok and hires CIMB, Credit Suisse and Thanachart Securities to make it happen.

Thai AirAsia has made its first public move towards an initial public offering by appointing three banks to help it achieve a goal of raising at least $150 million.

In a statement issued yesterday, the Bangkok-based low-cost airline, which is a joint venture between Malaysia’s AirAsia and the company’s management, said CIMB, Credit Suisse and Thanachart Securities will act as joint lead underwriters on the IPO.

The plans...

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