tiger-airways-readies-for-next-big-leap-with-singapore-ipo

Tiger Airways readies for next big leap with Singapore IPO

The Singapore-based low-cost airline is seeking to raise up to $195 million which will be partly used to pay for the acquisition of 50 new aircraft.

Tiger Airways Holdings looks set to become the first company of size to list in Singapore this year as it kicks off the roadshow today for an initial public offering that seeks to raise between S$223.0 million and S$272.5 million $159 million to $195 million.

Southeast Asia was rather quiet in 2009 in terms of new listings. Singapore saw only one IPO of any significance all year and the top two listings in the region -- mobile operator Maxis in Malaysia and shopping mall builder and operator CapitaMalls Asia in Singapore -- didn't happen until November. But now, companies in the region are clearly showing that they are ready to compete for investor...

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