Lion Air starts work on US$1b IPO
Lion Air has started preparations for a domestic initial public offering, people with knowledge of the matter said, as the carrier seeks to move past an October crash that triggered the crisis surrounding Boeing’s 737 Max plane. The company is working with advisers on the planned share sale, which could take place as soon as this year, the people said. Lion Air has been discussing a fundraising target of around US$1b, though it hasn’t set precise terms for the deal, the people said. Lion Air is planning to start preliminary meetings with investors as soon as this week to sound out early interest ahead of the potential deal, the people said. The company will decide whether to proceed after seeing their feedback and could target to list sometime after next month’s presidential election, according to the people. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-22/unaligned/lion-air-starts-work-on-us-1b-ipo
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Lion Air starts work on US$1b IPO
Lion Air has started preparations for a domestic initial public offering, people with knowledge of the matter said, as the carrier seeks to move past an October crash that triggered the crisis surrounding Boeing’s 737 Max plane. The company is working with advisers on the planned share sale, which could take place as soon as this year, the people said. Lion Air has been discussing a fundraising target of around US$1b, though it hasn’t set precise terms for the deal, the people said. Lion Air is planning to start preliminary meetings with investors as soon as this week to sound out early interest ahead of the potential deal, the people said. The company will decide whether to proceed after seeing their feedback and could target to list sometime after next month’s presidential election, according to the people. <br/>
