Lion Air puts $698m IPO on hold as stock markets tumble: Sources
Indonesia's Lion Air has deferred plans for an IPO due to a sharp fall in global stock markets, people close to the matter said Friday, as the spreading coronavirus outbreak sparks worries of a global pandemic. A decision on the up to US$500m IPO of one of Asia's largest budget airlines was expected by the end of this month after banks completed investor presentations in global financial centres earlier this month. Two people said Lion Air, which was set to launch the IPO as early as next month, would consider a float only when markets stabilised. Lion Air had no immediate comment. The carrier has toyed with an IPO for about five years.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-02/unaligned/lion-air-puts-698m-ipo-on-hold-as-stock-markets-tumble-sources
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Lion Air puts $698m IPO on hold as stock markets tumble: Sources
Indonesia's Lion Air has deferred plans for an IPO due to a sharp fall in global stock markets, people close to the matter said Friday, as the spreading coronavirus outbreak sparks worries of a global pandemic. A decision on the up to US$500m IPO of one of Asia's largest budget airlines was expected by the end of this month after banks completed investor presentations in global financial centres earlier this month. Two people said Lion Air, which was set to launch the IPO as early as next month, would consider a float only when markets stabilised. Lion Air had no immediate comment. The carrier has toyed with an IPO for about five years.<br/>
