Bangkok Airways launches IPO amid turbulence

Thai airline hopes investors will sign up to an attractive valuation and turnaround in the domestic tourism industry.

Bangkok Airways launches IPO amid turbulence

Formal terms for an initial public offering by Bangkok Airways were fixed on Monday, with Thailand’s fourth largest carrier hoping to raise between Bt16.79 billion and Bt19.71 billion $510 million and $604 million. 

The 730 million share deal has a price range of Bt23 to Bt27 per share and a split of 520 million primary shares 24.8% of enlarged, plus 105 million secondary shares 5% of enlarged and a...

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