Lion Air adds to busy Southeast Asia IPO pipeline
Lion Air, has kicked off early marketing for its long-awaited IPO, adding to a busy Southeast Asian pipeline as Hong Kong remains muted after the Lunar New Year holiday amid the novel coronavirus outbreak. Lion Air began gauging investor demand this week for an Indonesian IPO that could raise at least US$500m, people familiar with the matter said previously. Indonesia has not seen an offering of that size since fellow airline Garuda Indonesia raised $524m in 2011. The widening impact of the coronavirus outbreak in China, however, may yet throw a spanner in the works. Lion Air said Wednesday it would temporarily stop all of its chartered flights to 15 cities in China from February and was still calculating the financial effect of the decision. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-30/unaligned/lion-air-adds-to-busy-southeast-asia-ipo-pipeline
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Lion Air adds to busy Southeast Asia IPO pipeline
Lion Air, has kicked off early marketing for its long-awaited IPO, adding to a busy Southeast Asian pipeline as Hong Kong remains muted after the Lunar New Year holiday amid the novel coronavirus outbreak. Lion Air began gauging investor demand this week for an Indonesian IPO that could raise at least US$500m, people familiar with the matter said previously. Indonesia has not seen an offering of that size since fellow airline Garuda Indonesia raised $524m in 2011. The widening impact of the coronavirus outbreak in China, however, may yet throw a spanner in the works. Lion Air said Wednesday it would temporarily stop all of its chartered flights to 15 cities in China from February and was still calculating the financial effect of the decision. <br/>
