Bamboo Airways expects a US$1b market cap at listing
Vietnam’s Bamboo Airways expects a market capitalisation of as much as US$1b at its planned listing in Q1 next year. The startup carrier plans to list about 400m shares on either the Ho Chi Minh City Stock Exchange or Hanoi Stock Exchange as early as January, Deputy CE Nguyen Khac Hai said. Bamboo Airways expects to set the initial price for its trading debut in the range of US$2.59 per share, he added. “We expect the stock market to do well from now until next year as the macro-economic conditions are very positive,” Hai said. In Vietnam, companies often sell shares months before a listing in an exchange. Bamboo, however, plans to list shortly after the share sale. The airline, which joined Vietnam’s crowded skies last January, seeks to tap into the nation’s growing middle class. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-10-15/unaligned/bamboo-airways-expects-a-us-1b-market-cap-at-listing
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Bamboo Airways expects a US$1b market cap at listing
Vietnam’s Bamboo Airways expects a market capitalisation of as much as US$1b at its planned listing in Q1 next year. The startup carrier plans to list about 400m shares on either the Ho Chi Minh City Stock Exchange or Hanoi Stock Exchange as early as January, Deputy CE Nguyen Khac Hai said. Bamboo Airways expects to set the initial price for its trading debut in the range of US$2.59 per share, he added. “We expect the stock market to do well from now until next year as the macro-economic conditions are very positive,” Hai said. In Vietnam, companies often sell shares months before a listing in an exchange. Bamboo, however, plans to list shortly after the share sale. The airline, which joined Vietnam’s crowded skies last January, seeks to tap into the nation’s growing middle class. <br/>
