AirAsia X launches Malaysia IPO of up to $370 million

The Malaysian low-cost, long-haul airline starts the bookbuilding for its IPO, which if successful will be the biggest in the country so far this year.
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AirAsia X is responsible for all the long-haul international flights under the AirAsia brand
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<div style="text-align: left;"> AirAsia X is responsible for all the long-haul international flights under the AirAsia brand </div>

AirAsia X, a low-cost, long-haul airline that operates primarily in Asia-Pacific, started the bookbuilding yesterday for its Malaysian initial public offering, aiming to raise between $294 million and $370 million.

AirAsia X is controlled by AirAsia, the Malaysian low-cost carrier LCC founded by Tony Fernandes, and is responsible for all the long-haul international flights under the AirAsia brand.

After bankers started investor education last month, the management roadshow started on Friday June 7. The institutional offering for the IPO kicked off yesterday, and is expected to continue until June 24, according to a term sheet. The retail offering, which also started yesterday,...

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