Bangkok Airways overcomes turbulence to land $446m IPO

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By Rashmi Kumar
20 Oct 2014

Bangkok Airways Public Company has raised Bt14.5bn ($446m) from its IPO by pricing the trade at the middle of the range, with weak market conditions at the time of bookbuilding leading to the selling shareholder offloading fewer shares than planned.

The airline was originally offering a total of 625m shares, with 520m primary and the rest secondary. The 105m secondary shares were being offered by selling shareholder Paramaporn Prasarttong-Osoth, a member of the family that is one of Bangkok Airways’ existing shareholders.

But when books closed on ...

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