tiger-airways-raises-178-million-from-popular-ipo

Tiger Airways raises $178 million from popular IPO

The Singapore-based budget airline drums up strong support for its upcoming listing, despite a short operating history and an aggressive expansion plan.

The Year of the Tiger may not officially start until February 14, but for people involved in Singapore's first listing this year, this may well feel like the Month of the Tiger -- worthy of at least a small roar.

The reason for that would be the strong support for budget airline Tiger Airways Holdings' initial public offering, which took quite a few market watchers by surprise, coming as it did at a time when the economic environment has pushed a large and well-established airline like Japan Airlines to the brink of bankruptcy. Under such circumstances, Tiger's short track record and aggressive expansion plan could make even the coolest of investors fasten their seatbelts and...

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