Wow Air CE to weigh up potential IPO

Wow Air is considering a possible IPO in 2019, its CE said Monday, as it explores opportunities for the fast-growing business. Wow Air, which also competes with Norwegian Air on transatlantic routes, connects Europe and North America via its hub in Reykjavik, often with smaller A320 jets typically used for short-haul flights. Founder and CE Skuli Mogensen said the Wow Air's rapid expansion means he will start exploring options for the business from next year and will be ready to act in 2019. "By 2019 we'll do about a billion in revenue, in US dollars. So that's when we're hitting a point where we'll be an interesting size to go public," Mogensen said. "To continue our growth we will have to look at various opportunities to find a strategic partner, go public, et cetera. We haven't really selected which path to take." <br/>